Chicago Atlantic BDC, Inc. (LIEN) to Issue Quarterly Dividend of $0.34 on December 27th

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) declared a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Shareholders of record on Thursday, December 19th will be paid a dividend of 0.34 per share on Friday, December 27th. This represents a $1.36 annualized dividend and a yield of 10.65%. The ex-dividend date is Thursday, December 19th. This is a positive change from Chicago Atlantic BDC’s previous quarterly dividend of $0.25.

Chicago Atlantic BDC Stock Performance

NASDAQ LIEN opened at $12.77 on Tuesday. Chicago Atlantic BDC has a one year low of $7.29 and a one year high of $13.38. The company has a market cap of $79.43 million and a P/E ratio of 19.35.

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.