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

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Monday, May 11th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.40 per share on Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Kayne Anderson BDC Trading Down 1.6%

KBDC stock opened at $14.63 on Tuesday. Kayne Anderson BDC has a 52 week low of $13.06 and a 52 week high of $16.40. The company has a market capitalization of $971.87 million, a PE ratio of 11.00 and a beta of 0.28. The company’s 50-day simple moving average is $14.14 and its 200 day simple moving average is $14.43. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.26 and a current ratio of 1.26.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Kayne Anderson BDC had a net margin of 39.74% and a return on equity of 10.23%. The firm had revenue of $24.86 million during the quarter, compared to the consensus estimate of $52.40 million. As a group, sell-side analysts anticipate that Kayne Anderson BDC will post 1.6 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on KBDC. UBS Group boosted their price target on Kayne Anderson BDC from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Keefe, Bruyette & Woods lowered their price objective on Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company cut their target price on Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.13.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.