Quarterly ResultMay 11, 2026, 04:43 PM
KBDC Q1 Net Investment Income $0.43/Share; Declares $0.40 Dividend
AI Summary
Kayne Anderson BDC, Inc. announced its financial results for the first quarter ended March 31, 2026, reporting net investment income of $0.43 per share. The net asset value decreased to $16.23 per share from $16.32, primarily due to realized and unrealized losses. The company's Board of Directors declared a second quarter 2026 regular dividend of $0.40 per share. KBDC also repurchased 1.5 million shares for $21.4 million during the quarter and extended its share repurchase plan to May 2027, authorizing up to $100 million in repurchases.
Key Highlights
- Net investment income was $0.43 per share for Q1 2026.
- Net asset value decreased to $16.23 per share from $16.32 as of December 31, 2025.
- Board declared a Q2 2026 regular dividend of $0.40 per share.
- Repurchased 1,516,261 shares for $21.4 million in Q1 2026.
- Extended share repurchase plan to May 2027 for up to $100 million.
- Total investment portfolio fair value was $2.2 billion across 105 companies.
- Weighted average yield on total debt portfolio was 10.1%.
- Debt-to-equity ratio was 1.05x.