Carlyle Secured Lending, Inc. (CGBD) To Go Ex-Dividend on June 28th

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 10.32%. The ex-dividend date of this dividend 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. 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 Trading Up 0.1 %

Shares of Carlyle Secured Lending stock traded up $0.02 during trading on Wednesday, hitting $18.21. 79,531 shares of the company were exchanged, compared to its average volume of 222,055. The firm has a market capitalization of $924.89 million, a P/E ratio of 10.67 and a beta of 1.59. Carlyle Secured Lending has a 1-year low of $13.31 and a 1-year high of $18.33. The firm’s fifty day moving average price is $17.59 and its 200 day moving average price is $16.36. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.45 and a quick ratio of 1.45.

Carlyle Secured Lending (NASDAQ:CGBD) last posted 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. Carlyle Secured Lending had a return on equity of 12.92% and a net margin of 38.15%. The company had revenue of $44.14 million during the quarter, compared to analyst estimates of $42.86 million. As a group, sell-side analysts expect that Carlyle Secured Lending will post 2.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their price objective on Carlyle Secured Lending from $16.00 to $17.00 and gave the company a “buy” rating in a research report 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.