Carlyle Secured Lending, Inc. (CGBD) to Issue Quarterly Dividend of $0.40 on April 17th

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Investors of record on Monday, March 24th will be paid a dividend of 0.40 per share on Thursday, April 17th. This represents a $1.60 annualized dividend and a dividend yield of 9.34%. The ex-dividend date is Monday, March 24th.

Carlyle Secured Lending has a dividend 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 fall. Equities analysts expect Carlyle Secured Lending to earn $1.74 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 92.0%.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $17.13 on Friday. The business has a fifty day moving average of $17.75 and a 200-day moving average of $17.46. Carlyle Secured Lending has a fifty-two week low of $15.01 and a fifty-two week high of $18.74. The stock has a market cap of $872.89 million, a price-to-earnings ratio of 9.57 and a beta of 1.57. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CGBD. JPMorgan Chase & Co. boosted their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Wells Fargo & Company boosted their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, Bank of America lowered Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price for the company. in a research note on Monday, February 10th.

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.