Chicago Atlantic BDC, Inc. (LIEN) to Issue Quarterly Dividend of $0.34 on January 15th

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) declared a quarterly dividend on Tuesday, November 11th, NASDAQ Dividends reports. Investors of record on Wednesday, December 31st will be given a dividend of 0.34 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date is Wednesday, December 31st.

Chicago Atlantic BDC Trading Down 0.7%

Shares of LIEN stock opened at $10.54 on Monday. Chicago Atlantic BDC has a 12-month low of $9.70 and a 12-month high of $12.65. The business’s 50 day moving average is $10.52 and its two-hundred day moving average is $10.52. The company has a market capitalization of $240.52 million, a P/E ratio of 13.34 and a beta of 0.26.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its earnings results on Thursday, May 9th. The company reported $0.33 earnings per share for the quarter. Chicago Atlantic BDC had a return on equity of 5.80% and a net margin of 33.72%.The business had revenue of $3.36 million during the quarter. On average, research analysts predict that Chicago Atlantic BDC will post 0.76 earnings per share for the current fiscal year.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC (NASDAQ:LIEN) is a closed-end management investment company organized as a business development company (BDC). It focuses on providing debt and equity financing solutions to U.S. middle-market companies that demonstrate strong growth potential. Through its public listing, the company offers investors exposure to a diversified portfolio of private credit and equity investments aimed at delivering attractive risk-adjusted returns.

The company’s investment strategy centers on structuring customized credit facilities, including senior secured loans, unitranche loans, mezzanine debt and equity co-investments.