Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Plans Quarterly Dividend of $0.34

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) declared a quarterly dividend on Monday, August 10th. Investors of record on Friday, September 25th will be paid a dividend of 0.34 per share on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Friday, September 25th.

Chicago Atlantic BDC Price Performance

Chicago Atlantic BDC stock opened at $10.27 on Wednesday. The stock has a market capitalization of $234.36 million, a PE ratio of 7.39 and a beta of 0.30. Chicago Atlantic BDC has a twelve month low of $8.92 and a twelve month high of $11.27. The company has a 50 day moving average of $9.84 and a 200-day moving average of $9.77.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. The firm had revenue of $13.97 million during the quarter, compared to analyst estimates of $16.23 million. Equities analysts anticipate that Chicago Atlantic BDC will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC, Inc (NASDAQ: LIEN) is a business development company that provides financing to privately owned and other middle-market businesses. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in debt and equity securities.

Chicago Atlantic BDC generally invests in businesses that may have limited access to traditional bank financing. Its investment activities can include secured and unsecured loans, subordinated debt, and equity-related investments.