Kayne Anderson BDC, Inc. (NYSE: KBDC) announced its fourth‑quarter 2025 financial results today, reporting net investment income of $30.1 million, or $0.44 per share. The company’s net asset value was $16.32 per share, down slightly from $16.34 per share at the end of September 2025. The dividend for the first quarter of 2026 remains at $0.40 per share, maintaining the 10.43% yield that has attracted income‑focused investors.
The earnings release confirms that KBDC’s strategic rotation from broadly syndicated loans to higher‑yielding private middle‑market loans is generating stronger income. Net investment income per share rose to $0.44, reflecting a 10.5% sequential increase driven by higher interest income and the performance of the newly acquired SG Credit Partners investment. The company’s dividend coverage ratio remains above 100%, indicating that the dividend is fully supported by operating cash flows.
Investors can view the full earnings presentation and detailed financial statements on KBDC’s investor relations website for additional context on revenue mix, non‑accrual rates, and guidance for the coming year.
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