Kayne Anderson BDC Q1 NII at $0.35 and $175M New Investments
KBDC•Kayne Anderson BDC reported net investment income of $0.35 per share in Q1 2026 and deployed $175 million into new senior secured loans, lifting portfolio assets to $2.4 billion. The board declared a $0.32 quarterly dividend with 110% coverage, yield at 10.5% and leverage climbed to 1.3x to fund growth.
1. Q1 Financial Results
Kayne Anderson BDC reported net investment income of $0.35 per share for Q1 2026 and declared a $0.32 quarterly dividend, resulting in dividend coverage of 110%.
2. Portfolio Composition and Yield
Total portfolio assets reached $2.4 billion at quarter end, with senior secured loans comprising roughly 80% of the portfolio and a weighted average yield of 10.5%.
3. Deployment Activity
Management deployed $175 million into new senior secured loans during the quarter, targeting middle-market companies in healthcare and technology sectors to diversify risk and capture attractive yields.
4. Leverage and Liquidity
Leverage ratio increased to 1.3x from 1.2x in the prior quarter, and available liquidity of $230 million positions the company to pursue additional investments and support portfolio growth.
