Carlyle Secured Lending, Inc. (CGBD) to Issue Quarterly Dividend of $0.45 on January 17th

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.45 per share on Friday, January 17th. This represents a $1.80 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date of this dividend is Tuesday, December 31st.

Carlyle Secured Lending has a dividend 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 tumble. Equities analysts expect Carlyle Secured Lending to earn $1.75 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 91.4%.

Carlyle Secured Lending Trading Up 0.7 %

CGBD traded up $0.12 during mid-day trading on Friday, hitting $18.28. 144,355 shares of the stock were exchanged, compared to its average volume of 210,137. The firm’s fifty day moving average is $17.23 and its two-hundred day moving average is $17.32. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The company has a market cap of $930.56 million, a PE ratio of 10.21 and a beta of 1.59. Carlyle Secured Lending has a 1-year low of $14.76 and a 1-year high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. During the same quarter last year, the business earned $0.52 earnings per share. Equities analysts forecast that Carlyle Secured Lending will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their price objective on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th.

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.