Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Declares Quarterly Dividend of $0.45

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.45 per share on Friday, January 17th. This represents a $1.80 annualized dividend and a yield of 9.85%. The ex-dividend date is Tuesday, December 31st.

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 $1.75 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 91.4%.

Carlyle Secured Lending Stock Up 0.7 %

Carlyle Secured Lending stock traded up $0.12 during midday trading on Friday, reaching $18.28. The company’s stock had a trading volume of 144,355 shares, compared to its average volume of 210,137. Carlyle Secured Lending has a 52-week low of $14.76 and a 52-week high of $18.74. The stock has a market capitalization of $930.56 million, a P/E ratio of 10.21 and a beta of 1.59. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s 50-day simple moving average is $17.23 and its 200-day simple moving average is $17.32.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The company had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $39.92 million. During the same period last year, the business earned $0.52 EPS. On average, sell-side analysts expect that Carlyle Secured Lending will post 1.98 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th.

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.