Carlyle Credit Income Fund (NYSE:CCIF) to Issue $0.11 Dividend

Carlyle Credit Income Fund (NYSE:CCIF) announced a dividend on Tuesday, March 18th, investing.com reports. Investors of record on Thursday, March 20th will be given a dividend of 0.105 per share on Monday, March 31st. This represents a yield of 16.51%. The ex-dividend date is Wednesday, March 19th.

Carlyle Credit Income Fund has raised its dividend by an average of 6.2% annually over the last three years.

Carlyle Credit Income Fund Stock Performance

Shares of Carlyle Credit Income Fund stock traded down $0.14 during trading hours on Tuesday, reaching $7.63. The company’s stock had a trading volume of 290,806 shares, compared to its average volume of 112,927. The firm has a 50 day moving average price of $7.74 and a 200-day moving average price of $8.06. Carlyle Credit Income Fund has a one year low of $7.54 and a one year high of $8.80.

Carlyle Credit Income Fund (NYSE:CCIF) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.14. The company had revenue of $8.27 million during the quarter, compared to the consensus estimate of $8.22 million.

Analyst Ratings Changes

Separately, Oppenheimer began coverage on shares of Carlyle Credit Income Fund in a research note on Monday, December 9th. They set a “market perform” rating and a $8.00 price target for the company.

Insider Buying and Selling at Carlyle Credit Income Fund

In other news, Director Joan Y. Mccabe bought 18,079 shares of the stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of $8.02 per share, for a total transaction of $144,993.58. Following the acquisition, the director now owns 30,358 shares of the company’s stock, valued at $243,471.16. This represents a 147.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Carlyle Credit Income Fund Company Profile

Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC. The fund is co – managed by Behringer Advisors, LLC. The Fund invests mainly in fixed-income securities. The fund invests in stocks of companies operating across diversified sectors.