GCM Grosvenor Inc. (NASDAQ:GCMG) Announces $0.12 Quarterly Dividend

GCM Grosvenor Inc. (NASDAQ:GCMG) announced a quarterly dividend on Tuesday, February 10th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.12 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, March 2nd.

GCM Grosvenor has a dividend payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect GCM Grosvenor to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 64.0%.

GCM Grosvenor Trading Up 0.4%

Shares of GCMG traded up $0.05 on Wednesday, reaching $11.35. 596,830 shares of the company’s stock were exchanged, compared to its average volume of 556,176. The business has a 50 day moving average price of $11.33 and a two-hundred day moving average price of $11.79. GCM Grosvenor has a 12 month low of $9.86 and a 12 month high of $14.48. The stock has a market capitalization of $2.20 billion, a P/E ratio of 40.54 and a beta of 0.80. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 112.30.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.