Kayne Anderson BDC, Inc. (NYSE:KBDC – Get Free Report) shares saw an uptick in trading volume on Monday following a dividend announcement from the company. 180,452 shares changed hands during trading, an increase of 299% from the previous session’s volume of 45,219 shares.The stock last traded at $16.54 and had previously closed at $16.63.
The newly announced dividend which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.40 per share. This is a positive change from Kayne Anderson BDC’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.67%.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada lifted their target price on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.30.
Kayne Anderson BDC Stock Down 0.5 %
The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 0.53. The firm has a 50-day moving average price of $16.20.
Institutional Investors Weigh In On Kayne Anderson BDC
An institutional investor recently bought a new position in Kayne Anderson BDC stock. BNP Paribas Financial Markets acquired a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,722 shares of the company’s stock, valued at approximately $44,000.
Kayne Anderson BDC Company Profile
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.
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