Kayne Anderson BDC, Inc. (KBDC) to Issue Quarterly Dividend of $0.40 on January 15th

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.40 per share on Wednesday, January 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Kayne Anderson BDC’s previous quarterly dividend of $0.10.

Kayne Anderson BDC Trading Down 0.5 %

Shares of KBDC stock opened at $16.75 on Friday. Kayne Anderson BDC has a 12 month low of $15.69 and a 12 month high of $17.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a 50-day moving average price of $16.54.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price target on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kayne Anderson BDC has a consensus rating of “Moderate Buy” and a consensus price target of $17.30.

Insider Buying and Selling at Kayne Anderson BDC

In other news, Director Susan C. Schnabel bought 2,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of $16.54 per share, with a total value of $41,350.00. Following the completion of the purchase, the director now owns 8,087 shares of the company’s stock, valued at approximately $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.20% of the company’s stock.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC Inc is a business development company which invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. Kayne Anderson BDC Inc is based in CHICAGO.