Kayne Anderson BDC, Inc. (KBDC) to Issue Quarterly Dividend of $0.40 on July 16th

Kayne Anderson BDC, Inc. (NYSE:KBDCGet Free Report) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.40 per share on Thursday, July 16th. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Kayne Anderson BDC Price Performance

NYSE:KBDC opened at $13.83 on Friday. Kayne Anderson BDC has a 52 week low of $13.06 and a 52 week high of $16.28. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $917.62 million, a P/E ratio of 10.80 and a beta of 0.25. The stock’s fifty day moving average is $14.48 and its two-hundred day moving average is $14.35.

Kayne Anderson BDC (NYSE:KBDCGet Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $24.86 million during the quarter, compared to analysts’ expectations of $52.40 million. Kayne Anderson BDC had a return on equity of 10.47% and a net margin of 37.30%. Equities analysts expect that Kayne Anderson BDC will post 1.62 EPS for the current year.

About Kayne Anderson BDC

(Get Free Report)

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.

Further Reading

Dividend History for Kayne Anderson BDC (NYSE:KBDC)

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