Kayne Anderson BDC, Inc. (KBDC) Declares $0.40 Quarterly Dividend; 9.4% Yield

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Kayne Anderson BDC, Inc. Announces December 31, 2024 Financial Results and Declares First Quarter 2025 Dividend of $0.40 Per Share

March 3, 2025 5:24 PM EST

CHICAGO--(BUSINESS WIRE)-- Kayne Anderson BDC, Inc. (NYSE: KBDC) (KBDC or the Company), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the fourth quarter ended December 31, 2024.

During the fourth quarter we added 8 new investments to our platform consistent with our strategy of lending to stable industries, producing attractive debt investment opportunities with lower leverage and correspondingly higher interest coverage, said Ken Leonard, Co-Chief Executive Officer. Our portfolio continued to perform well during the fourth quarter with only 1.3% of debt investments on non-accrual... More