Kayne Anderson BDC, Inc. (NYSE:KBDC) Shareholders to Receive $0.40 Quarterly Dividend

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.40 per share on Tuesday, January 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Thursday, December 31st.

Kayne Anderson BDC Stock Down 1.2%

Shares of NYSE:KBDC opened at $12.59 on Friday. The firm has a fifty day moving average price of $12.90 and a two-hundred day moving average price of $13.76. The company has a market cap of $831.42 million, a price-to-earnings ratio of 11.55 and a beta of 0.32. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.25 and a quick ratio of 1.25. Kayne Anderson BDC has a one year low of $12.14 and a one year high of $15.87.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.07. The company had revenue of $58.96 million for the quarter, compared to analysts’ expectations of $57.35 million. Kayne Anderson BDC had a net margin of 31.54% and a return on equity of 10.63%. Analysts anticipate that Kayne Anderson BDC will post 1.61 EPS for the current fiscal year.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC, Inc is a business development company that invests in privately held, middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

Its investment activities primarily consist of loans and other debt investments, including senior secured, unitranche and subordinated debt. Kayne Anderson BDC may also make equity and equity-related investments in portfolio companies.