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

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.47 per share on Wednesday, July 17th. This represents a $1.88 annualized dividend and a dividend yield of 10.31%. The ex-dividend date of this dividend is Friday, June 28th.

Carlyle Secured Lending has a 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 tumble. 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 Price Performance

Carlyle Secured Lending stock traded up $0.05 during midday trading on Wednesday, hitting $18.24. 74,659 shares of the company’s stock were exchanged, compared to its average volume of 222,015. The company has a market cap of $926.41 million, a P/E ratio of 10.67 and a beta of 1.59. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50-day moving average price of $17.59 and a two-hundred day moving average price of $16.36. Carlyle Secured Lending has a 52-week low of $13.31 and a 52-week high of $18.33.

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

Wall Street Analysts Forecast Growth

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

About Carlyle Secured Lending

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.