Morgan Stanley Direct Lending (NYSE:MSDL) Declares Quarterly Dividend of $0.50

Morgan Stanley Direct Lending (NYSE:MSDL) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Friday, June 28th will be given a dividend of 0.50 per share on Thursday, July 25th. This represents a $2.00 annualized dividend and a yield of 8.49%. The ex-dividend date of this dividend is Friday, June 28th.

Morgan Stanley Direct Lending Stock Down 0.0 %

Morgan Stanley Direct Lending stock opened at $23.56 on Thursday. The firm has a market cap of $2.11 billion and a price-to-earnings ratio of 7.60. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.81. Morgan Stanley Direct Lending has a 12 month low of $19.05 and a 12 month high of $24.18. The stock has a fifty day simple moving average of $22.89 and a two-hundred day simple moving average of $22.20.

Morgan Stanley Direct Lending (NYSE:MSDL) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.63. Morgan Stanley Direct Lending had a net margin of 62.34% and a return on equity of 12.87%. The firm had revenue of $99.10 million for the quarter, compared to the consensus estimate of $98.65 million. Equities analysts predict that Morgan Stanley Direct Lending will post 2.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on MSDL. Raymond James lowered shares of Morgan Stanley Direct Lending from an “outperform” rating to a “market perform” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. increased their target price on Morgan Stanley Direct Lending from $20.50 to $21.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Wells Fargo & Company decreased their price target on shares of Morgan Stanley Direct Lending from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 14th. Finally, Royal Bank of Canada lifted their price objective on shares of Morgan Stanley Direct Lending from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.92.

About Morgan Stanley Direct Lending

Morgan Stanley Direct Lending Fund is a business development company. It is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. Morgan Stanley Direct Lending Fund is based in NEW YORK.