Kayne Anderson BDC (KBDC) Dividend Coverage Ratio (2021 - 2025)
Kayne Anderson BDC's (KBDC) Dividend Coverage Ratio stood at 0.87 in Q3 2025, down 34.1% from 1.32 a year earlier but up 24.3% from the prior quarter.
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Analysis
Kayne Anderson BDC (KBDC) Dividend Coverage Ratio (2021 - 2025) Analysis & Trends
On a TTM basis, Kayne Anderson BDC's Dividend Coverage Ratio came in at 0.82 as of Sep 30, 2025, down 39.8% year-over-year; for FY2024, it came in at 1.30, up 17.8% from FY2023.
- Across earlier years, Dividend Coverage Ratio came in at 1.10 in FY2023 (-44.4%), 1.98 in FY2022 (-60.8%) and 5.06 in FY2021.
- Quarterly Dividend Coverage Ratio has ranged from 0.70 in Q2 2025 to 5.39 in Q4 2021 over the past five years.
- On a year-over-year basis, Dividend Coverage Ratio has declined for four consecutive quarters, with an average decline of 10.0% over the last eight quarters.
- Peak year-over-year performance for Dividend Coverage Ratio in the last five years was growth of 83.9% in Q3 2024, against a decline of 72.3% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.70 (Q2 2025), 0.70 (Q1 2025) and 1.02 (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 38.33 |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 8.64 |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 5.86 |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Kayne Anderson BDC | 832.34 Mn | 832.34 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 0.87 |
| Jun 30, 2025 | 0.70 |
| Mar 31, 2025 | 0.70 |
| Dec 31, 2024 | 1.02 |
| Sep 30, 2024 | 1.32 |
| Jun 30, 2024 | 1.74 |
| Mar 31, 2024 | 1.36 |
| Dec 31, 2023 | 1.12 |
| Sep 30, 2023 | 0.72 |
| Jun 30, 2023 | 1.33 |
| Mar 31, 2023 | 1.34 |
| Dec 31, 2022 | 2.03 |
| Sep 30, 2022 | 2.59 |
| Jun 30, 2022 | 1.53 |
| Mar 31, 2022 | 1.54 |
| Dec 31, 2021 | 5.39 |
API Access
Kayne Anderson BDC Dividend Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=KBDC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "ticker": "KBDC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=KBDC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();