The Carlyle Group LP (NASDAQ:CG) announced a quarterly dividend on Wednesday, February 6th, RTT News reports. Stockholders of record on Tuesday, February 19th will be paid a dividend of 0.43 per share by the financial services provider on Tuesday, February 26th. This represents a $1.72 annualized dividend and a dividend yield of 9.17%. The ex-dividend date of this dividend is Friday, February 15th. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.42.
The Carlyle Group has decreased its dividend payment by an average of 28.5% per year over the last three years. The Carlyle Group has a payout ratio of 69.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Carlyle Group to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 61.8%.
Shares of NASDAQ CG opened at $18.75 on Friday. The Carlyle Group has a 52-week low of $15.09 and a 52-week high of $25.25. The firm has a market cap of $2.02 billion, a PE ratio of 14.88 and a beta of 1.69. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.68 and a quick ratio of 0.61.
CG has been the topic of several recent research reports. Oppenheimer set a $34.00 target price on shares of The Carlyle Group and gave the company a “buy” rating in a report on Tuesday, October 16th. ValuEngine upgraded shares of The Carlyle Group from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. BidaskClub upgraded shares of The Carlyle Group from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. lifted their target price on shares of The Carlyle Group from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research upgraded shares of The Carlyle Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 2nd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $24.04.
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The Carlyle Group Company Profile
The Carlyle Group L.P. is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.
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