Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Announces Quarterly Dividend of $0.45

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

Carlyle Secured Lending has a payout ratio of 85.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research 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 %

Shares of CGBD stock traded up $0.12 during mid-day trading on Friday, hitting $18.28. The company’s stock had a trading volume of 144,355 shares, compared to its average volume of 210,137. 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 52 week low of $14.76 and a 52 week high of $18.74. The company’s fifty day simple moving average is $17.23 and its 200-day simple moving average is $17.32. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $55.97 million for the quarter, compared to analysts’ expectations 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 company posted $0.52 EPS. As a group, equities research analysts expect that Carlyle Secured Lending will post 1.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price target on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th.

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.