earnings
confidence high
sentiment neutral
materiality 0.70
Kayne Anderson BDC Q2 NII $0.51/sh, NAV $16.57, declares $0.40 dividend
Kayne Anderson BDC, Inc.
2024-Q2 EPS reported
$1.03
- Net investment income $34.4M ($0.51/sh), down from $0.52 Q1; total investment income $52.5M.
- NAV per share $16.57 vs $16.63 prior quarter; after IPO dilution, increase of $0.05.
- Amended revolver: increased to $600M, maturity extended to 2029, rate reduced to SOFR+2.375%-2.50%.
- Non-accrual investments at fair value $18.9M (1.0% of debt), up from 0.4%.
- Declared Q3 regular $0.40/sh dividend plus three special $0.10 dividends payable through mid-2025.