Carlyle Secured Lending, Inc. (CGBD) to Distribute Quarterly Dividend of $0.35 on July 16th

by · The Markets Daily

Carlyle Secured Lending, Inc. (NASDAQ:CGBD – Get Free Report) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.35 per share on Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Carlyle Secured Lending has decreased its dividend by an average of 0.0%annually over the last three years. Carlyle Secured Lending has a payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Carlyle Secured Lending to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 98.6%.

Carlyle Secured Lending Price Performance

Shares of NASDAQ:CGBD opened at $10.82 on Friday. The business has a 50 day moving average price of $11.12 and a 200 day moving average price of $11.64. Carlyle Secured Lending has a twelve month low of $10.48 and a twelve month high of $14.49. The company has a market cap of $752.34 million, a price-to-earnings ratio of 15.25 and a beta of 0.62. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.24.

Carlyle Secured Lending (NASDAQ:CGBD – Get Free Report) last released its earnings results on Monday, May 11th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Carlyle Secured Lending had a return on equity of 8.99% and a net margin of 19.52%.The firm had revenue of $64.08 million for the quarter, compared to analyst estimates of $65.78 million. Research analysts predict that Carlyle Secured Lending will post 1.36 earnings per share for the current 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.

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