GCM Grosvenor Inc. (NASDAQ:GCMG – Get Free Report) declared a quarterly dividend on Monday, November 9th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.12 per share on Tuesday, December 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, December 1st.
GCM Grosvenor has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect GCM Grosvenor to earn $0.86 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 55.8%.
GCM Grosvenor Price Performance
Shares of GCMG opened at $13.45 on Tuesday. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 25.87 and a beta of 0.91. The stock has a 50 day moving average of $12.87 and a 200-day moving average of $11.91. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.96. GCM Grosvenor has a 52 week low of $9.30 and a 52 week high of $14.87.
GCM Grosvenor (NASDAQ:GCMG – Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%. The business had revenue of $145.55 million for the quarter, compared to analyst estimates of $141.60 million. As a group, analysts forecast that GCM Grosvenor will post 0.69 EPS for the current year.
About GCM Grosvenor
GCM Grosvenor is an alternative asset management firm that provides investment solutions across private markets and hedge fund strategies. Its offerings include private equity, infrastructure, real estate and credit investments, as well as customized portfolios and multi-manager strategies.
The firm invests on behalf of institutional investors and other clients through primary investments, co-investments and secondary-market transactions. Its activities span global markets, with offices in North America, Europe and Asia.
Founded in 1971, the firm traces its roots to Grosvenor Capital Management.
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