Carlyle Secured Lending, Inc. (NASDAQ:CGBD – Get Free Report) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.40 per share on Thursday, April 16th. This represents a c) annualized dividend and a dividend yield of 14.6%. The ex-dividend date is Tuesday, March 31st.
Carlyle Secured Lending has decreased its dividend payment by an average of 0.0%per year over the last three years. Carlyle Secured Lending has a dividend payout ratio of 85.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Carlyle Secured Lending to earn $1.74 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 92.0%.
Carlyle Secured Lending Stock Down 2.1%
Shares of NASDAQ CGBD opened at $10.97 on Friday. The firm’s 50-day moving average is $11.67 and its two-hundred day moving average is $12.28. The company has a market capitalization of $775.36 million, a PE ratio of 10.76 and a beta of 0.70. Carlyle Secured Lending has a 12-month low of $10.61 and a 12-month high of $16.92. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85.
Carlyle Secured Lending Company Profile
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.
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