Kayne Anderson BDC, Inc. (KBDC) To Go Ex-Dividend on September 30th

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 30th will be given a dividend of $0.40 per share on Friday, October 16th. This represents a $1.60 annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

Kayne Anderson BDC Stock Down 0.0%

Shares of Kayne Anderson BDC stock opened at $13.04 on Monday. Kayne Anderson BDC has a 12-month low of $12.88 and a 12-month high of $15.87. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average price of $13.42 and a two-hundred day moving average price of $13.92. The stock has a market capitalization of $860.83 million, a P/E ratio of 11.96 and a beta of 0.32.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings results on Monday, August 10th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Kayne Anderson BDC had a net margin of 31.54% and a return on equity of 10.63%. The company had revenue of $19.27 million for the quarter, compared to analyst estimates of $51.86 million. Equities analysts expect that Kayne Anderson BDC will post 1.61 earnings per share for the current year.

About Kayne Anderson BDC

Kayne Anderson BDC, Inc (NYSE: KBDC) is a business development company focused on providing financing to privately held middle-market companies. The company seeks to support businesses that may have limited access to traditional bank lending or public capital markets.

Its investment activities primarily include originating and investing in debt securities, such as senior secured loans, as well as other debt and equity investments. Through these investments, Kayne Anderson BDC aims to provide companies with capital for acquisitions, growth initiatives, refinancing, recapitalizations and other corporate purposes.

Kayne Anderson BDC is externally managed by an affiliate of Kayne Anderson, an investment management firm with experience across alternative asset classes.