Carlyle Credit Income Fund (CCIF) to Issue Monthly Dividend of $0.11 on February 28th

Carlyle Credit Income Fund (NYSE:CCIF) declared a monthly dividend on Wednesday, November 20th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.105 per share on Friday, February 28th. This represents a $1.26 annualized dividend and a yield of 16.02%. The ex-dividend date is Tuesday, February 18th.

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

Carlyle Credit Income Fund Stock Up 1.3 %

Shares of CCIF opened at $7.86 on Friday. The stock has a 50-day moving average of $7.90 and a two-hundred day moving average of $8.16. Carlyle Credit Income Fund has a one year low of $7.57 and a one year high of $8.80.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its quarterly earnings results on Wednesday, November 20th. The company reported $0.30 EPS for the quarter. During the same period last year, the firm posted ($0.14) EPS.

Insider Activity

In related news, Director Joan Y. Mccabe acquired 18,079 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of $8.02 per share, with a total value of $144,993.58. Following the acquisition, the director now directly owns 30,358 shares in the company, valued at $243,471.16. This represents a 147.24 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

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

About Carlyle Credit Income Fund

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.