Kayne Anderson BDC, Inc. Announces Dividend Payment

Kayne Anderson BDC, Inc. (NYSE:KBDC) has officially announced a dividend of $0.10 per share, which will be paid to shareholders. This news was disclosed on Saturday, February 1st. The dividend payment will be made on Tuesday, March 18th to stockholders on record as of Monday, March 3rd. Additionally, March 3rd is also the ex-dividend date, indicating the last day that shares must be purchased to qualify for the dividend.

Stock Performance Overview

During Friday's trading, shares of Kayne Anderson BDC (KBDC) experienced a rise of $0.22, reaching a price of $17.30. A total of 70,094 shares changed hands, which is below the average volume of 95,062 shares. The stock has seen a fluctuation range over the past 52 weeks, with a low of $15.69 and a high of $17.32. Currently, the stock's 50-day moving average stands at $16.75, while the 200-day moving average is at $16.37. Financial indicators show a current ratio of 1.36, a quick ratio of 1.36, and a debt-to-equity ratio of 0.66.

Analyst Insights

Recent analysis has shown that Royal Bank of Canada has raised its target price for Kayne Anderson BDC from $17.00 to $18.00, while giving the company an "outperform" rating. At present, two equity research analysts have assigned a hold rating, two analysts have given a buy rating, and one has rated it as a strong buy. Overall, Kayne Anderson BDC currently holds a consensus rating of "Moderate Buy" with an average target price of $17.30 according to MarketBeat.com.

Insider Transactions

In another development, Director Susan C. Schnabel purchased 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 acquisition, the director now possesses 8,087 shares in the company, valued at approximately $133,758.98, reflecting a 44.75% increase in their position in Kayne Anderson BDC. As per disclosures with the Securities and Exchange Commission, insiders own about 3.20% of the company’s stock.

About Kayne Anderson BDC

Kayne Anderson BDC Inc is a business development company primarily focused on investing in first lien senior secured loans, as well as unitranche and split-lien loans aimed at middle market enterprises. The company is headquartered in Chicago, Illinois.

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