Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Announces $0.45 Quarterly Dividend

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.45 per share on Tuesday, October 28th. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Tuesday, September 30th.

Nuveen Churchill Direct Lending Price Performance

Shares of Nuveen Churchill Direct Lending stock opened at $16.22 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 1.79. Nuveen Churchill Direct Lending has a fifty-two week low of $14.21 and a fifty-two week high of $18.01. The firm has a fifty day moving average price of $16.49 and a two-hundred day moving average price of $16.49. The company has a market cap of $801.16 million, a PE ratio of 8.91 and a beta of 0.48.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Nuveen Churchill Direct Lending had a net margin of 43.35% and a return on equity of 11.88%. The firm had revenue of $53.13 million during the quarter, compared to the consensus estimate of $54.41 million. Analysts expect that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NCDL shares. Wall Street Zen upgraded shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. UBS Group lifted their price target on shares of Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. JMP Securities decreased their price target on shares of Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a “market outperform” rating on the stock in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company decreased their price target on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nuveen Churchill Direct Lending has a consensus rating of “Hold” and an average price target of $16.63.

About Nuveen Churchill Direct Lending

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.