Carlyle Credit Income Fund (NYSE:CCIF) Announces $0.06 Monthly Dividend

Carlyle Credit Income Fund (NYSE:CCIF) declared a monthly dividend on Wednesday, February 25th. Shareholders of record on Monday, May 18th will be given a dividend of 0.06 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 21.2%. The ex-dividend date is Monday, May 18th.

Carlyle Credit Income Fund Trading Down 2.3%

Shares of NYSE:CCIF traded down $0.08 during mid-day trading on Thursday, reaching $3.39. The company had a trading volume of 132,994 shares, compared to its average volume of 192,863. Carlyle Credit Income Fund has a one year low of $3.22 and a one year high of $7.90. The company’s 50-day moving average price is $4.40 and its 200-day moving average price is $5.04.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.17 by $998.83. The firm had revenue of $7.12 million during the quarter, compared to analysts’ expectations of $7.82 million.

Wall Street Analyst Weigh In

CCIF has been the topic of several recent research reports. Zacks Research upgraded Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 29th. Credit Suisse Group set a $6.00 price objective on Carlyle Credit Income Fund in a research report on Thursday, November 20th. Finally, B. Riley Financial lowered their price target on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, November 20th.

Carlyle Credit Income Fund Company Profile

Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC. The fund is co – managed by Behringer Advisors, LLC. The Fund invests mainly in fixed-income securities. The fund invests in stocks of companies operating across diversified sectors. It seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Mortgage Backed Securities Index. Carlyle Credit Income Fund was formed on December 30, 2011 and is domiciled in the United States.