Carlyle Secured Lending, Inc. (CGBD) To Go Ex-Dividend on March 24th

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

Carlyle Secured Lending has a 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 decline. 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

Shares of CGBD stock opened at $17.13 on Friday. The company has a market cap of $872.89 million, a price-to-earnings ratio of 9.57 and a beta of 1.57. Carlyle Secured Lending has a 52 week low of $15.01 and a 52 week high of $18.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average of $17.75 and a 200-day moving average of $17.46.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Bank of America cut Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, 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 research note on Wednesday, January 29th.

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.