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

Key Points

• $0.40 quarterly dividend declared, payable on April 16 to holders of record on March 31; this implies an annualized yield of 11.7%.
• Kayne Anderson BDC reported a quarterly EPS of $0.44 (beating the $0.41 estimate) but showed atypical revenue of ($25.53)M versus a $56.48M consensus, while the stock trades near $13.64 with a market cap of about $913M and a P/E of 10.25.

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) declared a quarterly dividend on Thursday, February 12th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.40 per share on Thursday, April 16th. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend is Tuesday, March 31st.

Kayne Anderson BDC Stock Down 1.8%

Kayne Anderson BDC stock opened at $13.64 on Friday. Kayne Anderson BDC has a twelve month low of $13.06 and a twelve month high of $16.78. The stock has a market cap of $913.27 million, a P/E ratio of 10.25 and a beta of 0.23. The company's 50-day moving average price is $14.00 and its two-hundred day moving average price is $14.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.01.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its earnings results on Monday, March 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of ($25.53) million for the quarter, compared to the consensus estimate of $56.48 million. Kayne Anderson BDC had a return on equity of 10.23% and a net margin of 39.74%. As a group, analysts expect that Kayne Anderson BDC will post 2.06 EPS for the current year.

About Kayne Anderson BDC

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.