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Kayne Anderson BDC made $0.46 per share last quarter, which is more than its $0.40 dividend.

ResultsRead the original at Benzinga
Neutral

KBDC’s $0.46 per share income covered its $0.40 dividend, but NAV fell $0.29 per share and non-accruals rose to 3.6%. Strong income and worsening loan problems point in different directions, leaving the outlook unchanged.

KBDC · Kayne Anderson BDC Inc.

AI read · Neutral

The AI's read

The income covered the dividend, and management said higher interest rates could lift future profits. But losses in three investments drove most of the NAV decline, and more loans stopped accruing interest. These opposing signals leave the company’s outlook unchanged.

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