Kayne Anderson BDC, Inc. (NYSE:KBDC) Plans Dividend of $0.10

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

Kayne Anderson BDC Trading Up 1.3 %

NYSE:KBDC opened at $17.30 on Monday. Kayne Anderson BDC has a twelve month low of $15.69 and a twelve month high of $17.32. 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 company has a 50-day moving average of $16.75 and a 200-day moving average of $16.37.

Insider Buying and Selling at Kayne Anderson BDC

In related news, Director Susan C. Schnabel purchased 2,500 shares of Kayne Anderson BDC stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $16.54 per share, with a total value of $41,350.00. Following the completion of the transaction, the director now directly owns 8,087 shares of the company’s stock, valued at $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

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