Kayne Anderson BDC, Inc. Announces Dividend Payment

Kayne Anderson BDC, Inc. (NYSE:KBDC) has officially declared a dividend, as announced on Saturday, February 1st. According to the reports, shareholders who are on record as of Monday, March 3rd, will receive a dividend of $0.10 per share. The payment is set to occur on Tuesday, March 18th. Additionally, it is important to note that the ex-dividend date for this payment is also Monday, March 3rd.

Recent Stock Performance

On Friday, shares of NYSE:KBDC experienced a modest rise, trading up by $0.22 to reach $17.30. In total, 70,094 shares changed hands, falling short of the average trading volume of 95,062. Over the past year, Kayne Anderson BDC has seen a low of $15.69 and a high of $17.32. The stock's 50-day moving average stands at $16.75, while its 200-day moving average is $16.37. Financial ratios indicate a current ratio of 1.36, a quick ratio of 1.36, and a debt-to-equity ratio of 0.66.

Analyst Ratings

Recently, Royal Bank of Canada raised its target price for Kayne Anderson BDC from $17.00 to $18.00, assigning the company an "outperform" rating in a research note dated November 18th. Analyst coverage shows a mixed sentiment, with two analysts recommending a hold, two issuing buy ratings, and one suggesting a strong buy. MarketBeat reports a consensus rating of "Moderate Buy" with an average target price of $17.30.

Insider Transactions

In related news, Director Susan C. Schnabel made headlines by acquiring 2,500 shares of Kayne Anderson BDC on December 18th at an average price of $16.54 per share, amounting to a total investment of $41,350. Following this transaction, Schnabel’s total ownership in the company rose to 8,087 shares, valued at approximately $133,758.98, marking a 44.75% increase in her position. The transaction details were disclosed to the Securities and Exchange Commission (SEC), where additional information is available. It’s noteworthy that 3.20% of the company’s shares are held by insiders.

Overview of Kayne Anderson BDC, Inc.

Kayne Anderson BDC Inc operates as a business development company, primarily focused on investing in first-lien senior secured loans. The company also has a secondary focus on unitranche and split-lien loans catered to middle-market enterprises. Based in Chicago, Kayne Anderson BDC is a key player in the investment landscape.

Dividend, Investment, Stock