Nuveen Churchill Direct Lending Corp. Declares — Dividend of $0.10 (NYSE:NCDL)

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) declared a — dividend on Monday, May 6th, Wall Street Journal reports. Shareholders of record on Monday, August 12th will be given a dividend of 0.10 per share on Monday, October 28th. This represents a yield of 10.3%. The ex-dividend date of this dividend is Monday, August 12th.

Nuveen Churchill Direct Lending Trading Up 0.1 %

Shares of NYSE:NCDL traded up $0.02 during trading on Monday, reaching $17.56. 83,283 shares of the company traded hands, compared to its average volume of 63,515. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26. Nuveen Churchill Direct Lending has a 1-year low of $16.00 and a 1-year high of $18.10. The company has a fifty day simple moving average of $17.34.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. The company had revenue of $48.95 million for the quarter, compared to the consensus estimate of $48.40 million. Nuveen Churchill Direct Lending had a net margin of 46.95% and a return on equity of 11.91%. On average, equities analysts expect that Nuveen Churchill Direct Lending will post 2.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NCDL shares. Wells Fargo & Company initiated coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued an “equal weight” rating and a $18.00 price objective on the stock. Bank of America began coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They set a “buy” rating and a $19.00 price objective on the stock. JMP Securities reissued a “market outperform” rating and set a $18.50 target price on shares of Nuveen Churchill Direct Lending in a report on Tuesday, March 26th. Keefe, Bruyette & Woods started coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “market perform” rating and a $18.50 target price on the stock. Finally, Truist Financial assumed coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “buy” rating and a $19.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.