Kayne Anderson BDC, Inc. (KBDC) to Issue Dividend of $0.10 on March 18th

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a dividend on Saturday, February 1st, NASDAQ Dividends reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.10 per share on Tuesday, March 18th. The ex-dividend date is Monday, March 3rd.

Kayne Anderson BDC Price Performance

Shares of NYSE:KBDC opened at $17.39 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s fifty day simple moving average is $17.00 and its two-hundred day simple moving average is $16.55. Kayne Anderson BDC has a 1-year low of $15.69 and a 1-year high of $17.99.

Insider Buying and Selling

In other news, Director Susan C. Schnabel acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of $16.54 per share, with a total value of $41,350.00. Following the acquisition, the director now owns 8,087 shares in the company, valued at $133,758.98. The trade was a 44.75 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their price objective on Kayne Anderson BDC from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.30.

About Kayne Anderson BDC

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.