Carlyle Secured Lending, Inc. (CGBD) to Issue Quarterly Dividend of $0.40 on April 16th

Carlyle Secured Lending, Inc. (NASDAQ:CGBDGet 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 (NASDAQ:CGBDGet Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). Carlyle Secured Lending had a return on equity of 8.56% and a net margin of 27.38%.The business had revenue of $66.91 million for the quarter, compared to analysts’ expectations of $67.26 million. Equities analysts anticipate that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Company Profile

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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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