Carlyle Secured Lending, Inc. Announces Quarterly Dividend of $0.47 (NASDAQ:CGBD)

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.47 per share on Wednesday, July 17th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date is Friday, June 28th.

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. Equities research analysts expect Carlyle Secured Lending to earn $1.88 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 85.1%.

Carlyle Secured Lending Stock Performance

Shares of NASDAQ CGBD opened at $18.19 on Thursday. The firm has a 50 day moving average of $17.63 and a 200 day moving average of $16.37. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $923.87 million, a price-to-earnings ratio of 10.64 and a beta of 1.59. Carlyle Secured Lending has a 12-month low of $13.31 and a 12-month high of $18.33.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Tuesday, May 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The company had revenue of $44.14 million during the quarter, compared to analyst estimates of $42.86 million. Carlyle Secured Lending had a net margin of 38.15% and a return on equity of 12.92%. On average, research analysts anticipate that Carlyle Secured Lending will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.