Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Announces $0.35 Quarterly Dividend

Carlyle Secured Lending, Inc. (NASDAQ:CGBDGet Free Report) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.35 per share on Thursday, July 16th. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Carlyle Secured Lending has decreased its dividend by an average of 0.0%annually over the last three years. Carlyle Secured Lending has a payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Carlyle Secured Lending to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 98.6%.

Carlyle Secured Lending Price Performance

Shares of NASDAQ CGBD opened at $10.82 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $752.34 million, a PE ratio of 15.25 and a beta of 0.62. Carlyle Secured Lending has a 1-year low of $10.48 and a 1-year high of $14.49. The business’s fifty day moving average price is $11.12 and its two-hundred day moving average price is $11.64.

Carlyle Secured Lending (NASDAQ:CGBDGet Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $64.08 million during the quarter, compared to the consensus estimate of $65.78 million. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. On average, research analysts expect that Carlyle Secured Lending will post 1.36 EPS for the current year.

Carlyle Secured Lending Company Profile

(Get Free Report)

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.

Further Reading

Dividend History for Carlyle Secured Lending (NASDAQ:CGBD)

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