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

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

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

Carlyle Credit Income Fund Price Performance

Shares of CCIF opened at $7.38 on Thursday. Carlyle Credit Income Fund has a 12-month low of $7.30 and a 12-month high of $8.80. The firm has a fifty day moving average price of $7.73 and a 200-day moving average price of $8.06.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its earnings results on Wednesday, February 26th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. The company had revenue of $8.27 million for the quarter, compared to analysts’ expectations of $8.22 million.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer began coverage on Carlyle Credit Income Fund in a report on Monday, December 9th. They issued a “market perform” rating and a $8.00 price objective 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.