earnings
confidence high
sentiment neutral
materiality 0.65
Kayne Anderson BDC Q4: NII $0.48/sh, NAV $16.70, declares $0.40 quarterly dividend
Kayne Anderson BDC, Inc.
- Net investment income $34.0M ($0.48/sh); $0.49/sh excluding excise taxes.
- NAV unchanged at $16.70; debt-to-equity ratio 0.72x vs target 1.0x–1.25x.
- Declared Q1 2025 dividend of $0.40/sh, payable April 15, 2025 to holders of record March 31, 2025.
- Gross new investment commitments $230.6M; 98% first-lien portfolio; non-accrual 1.3% of debt at fair value.
- Amended credit facilities: reduced spreads, extended maturities, increased aggregate commitments by $175M.