Chicago Atlantic BDC (LIEN) Expected to Announce Earnings on Monday

Chicago Atlantic BDC (NASDAQ:LIEN) is anticipated to post its quarterly earnings results before the market opens on Monday, March 31st. Analysts expect Chicago Atlantic BDC to post earnings of $0.28 per share and revenue of $11.00 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Chicago Atlantic BDC Trading Down 4.7 %

Shares of NASDAQ:LIEN opened at $11.44 on Friday. The stock has a 50-day simple moving average of $11.69. Chicago Atlantic BDC has a fifty-two week low of $9.50 and a fifty-two week high of $13.38. The stock has a market cap of $71.10 million, a price-to-earnings ratio of 17.33 and a beta of 0.24.

Chicago Atlantic BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.89%. The ex-dividend date is Friday, March 28th. Chicago Atlantic BDC’s payout ratio is 206.06%.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.