The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL – Get Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 20,524 shares, a decline of 38.6% from the April 30th total of 33,453 shares. Based on an average daily trading volume, of 15,696 shares, the days-to-cover ratio is currently 1.3 days.
Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Stock Down 0.1%
Shares of NASDAQ CGABL opened at $16.15 on Friday. Carlyle Group Inc. 4.625% Subordinated Notes due 2061 has a 52 week low of $16.10 and a 52 week high of $18.80. The firm’s fifty day moving average is $17.07 and its 200 day moving average is $17.34.
Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Saturday, August 15th. Investors of record on Saturday, August 1st will be paid a $0.2891 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, July 31st.
About Carlyle Group Inc. 4.625% Subordinated Notes due 2061
The Carlyle Group Inc 4.625% Subordinated Notes due 2061 (Nasdaq: CGABL) are unsecured, subordinated debt securities issued by The Carlyle Group Inc, a global alternative asset manager. These notes pay a fixed annual interest rate of 4.625%, with interest typically paid semi-annually. As subordinated obligations, they rank below the company’s senior debt but above its equity in the event of liquidation. The notes mature in 2061, at which point the principal amount is payable, unless earlier redeemed or repurchased by the issuer under the terms set forth in the offering documents.
The issuance of these subordinated notes is intended to support Carlyle’s ongoing capital needs, including general corporate purposes and potential growth initiatives across its various investment platforms.
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