Kayne Anderson BDC, Inc. Announces September 30, 2026 Financial Results and Declares Fourth Quarter 2026 Dividend of $0.40 Per Share
Kayne Anderson BDC reported Q3 net investment income of $30.2 million, or $0.46 per share, exceeding its $0.40 base dividend, and declared a Q4 dividend of $0.40 per share payable January 19, 2027. NAV per share declined to $15.71 from $16.00, driven by a $14.9 million realized loss on the restructure of portfolio company American Soccer Company (Score) and $8.5 million of net unrealized losses; non-accruals rose to 3.6% of debt investments at fair value from 2.7%. Management said it expects to resolve the credit issues in the near term, pointing to a healthy portfolio of 92.5% first-lien loans earning a 587 basis point average spread over SOFR, with over $500 million of liquidity.
Key figures
- Eps
- 0.1
- Revenue
- 59000000
- Nav per share
- 15.71
- Nii per share
- 0.46
- Realized loss
- $14.9 million
- Debt to equity
- 1.17x
- New commitments
- $76.3 million
- Unrealized loss
- $8.5 million
- Nav per share prior
- 16
- Asset coverage ratio
- 186%
- Net investment income
- $30.2 million
- Net portfolio decrease
- $23.0 million
- Annualized roe from nii
- 11.7%
- Pik income pct interest
- 4.9%
- Average spread over sofr
- 587 basis points
- Declared dividend per share
- 0.4
- Undistributed nii per share
- $0.32
- Non accrual pct debt fair value
- 3.6%
AI analysis
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