The Carlyle Group Inc. (NASDAQ:CG) to Issue $0.35 Quarterly Dividend

The Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Friday, February 21st will be paid a dividend of 0.35 per share by the financial services provider on Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, February 21st.

The Carlyle Group has increased its dividend by an average of 11.9% per year over the last three years. The Carlyle Group has a dividend payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Carlyle Group to earn $4.81 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 29.1%.

The Carlyle Group Trading Up 3.2 %

CG opened at $53.45 on Wednesday. The business’s 50-day simple moving average is $52.69 and its 200-day simple moving average is $48.39. The company has a market cap of $19.12 billion, a P/E ratio of 19.23, a PEG ratio of 0.97 and a beta of 1.70. The Carlyle Group has a one year low of $36.65 and a one year high of $57.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, equities research analysts expect that The Carlyle Group will post 4.48 EPS for the current fiscal year.

Analysts Set New Price Targets

CG has been the subject of several recent analyst reports. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. TD Cowen raised their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Wells Fargo & Company decreased their price target on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods increased their price objective on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $54.93.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.