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

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 10.32%. The ex-dividend date is Friday, June 28th.

Carlyle Secured Lending has a payout ratio of 85.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 Up 0.1 %

CGBD traded up $0.02 during trading on Wednesday, hitting $18.21. 79,531 shares of the company’s stock traded hands, compared to its average volume of 222,055. The company’s 50 day simple moving average is $17.59 and its two-hundred day simple moving average is $16.36. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.07. Carlyle Secured Lending has a 12-month low of $13.31 and a 12-month high of $18.33. The stock has a market capitalization of $924.89 million, a price-to-earnings ratio of 10.67 and a beta of 1.59.

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

Analysts Set New Price Targets

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 research note 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.