Carlyle Secured Lending, Inc. (CGBD) To Go Ex-Dividend on June 28th

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.47 per share on Wednesday, July 17th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date of this dividend is Friday, June 28th.

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 fall. Equities analysts expect Carlyle Secured Lending to earn $1.88 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 85.1%.

Carlyle Secured Lending Price Performance

Shares of Carlyle Secured Lending stock traded up $0.05 on Wednesday, reaching $18.24. 74,659 shares of the stock were exchanged, compared to its average volume of 222,015. The firm has a market cap of $926.41 million, a PE ratio of 10.67 and a beta of 1.59. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s 50 day moving average is $17.59 and its 200-day moving average is $16.36. Carlyle Secured Lending has a one year low of $13.31 and a one year high of $18.33.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $44.14 million during the quarter, compared to analysts’ expectations of $42.86 million. Carlyle Secured Lending had a net margin of 38.15% and a return on equity of 12.92%. As a group, analysts anticipate that Carlyle Secured Lending will post 2.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup lifted their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th.

About Carlyle Secured Lending

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.