Carlyle Credit Income Fund (NYSE:CCIF) Announces $0.11 Monthly Dividend

Carlyle Credit Income Fund (NYSE:CCIF) declared a monthly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.105 per share on Monday, March 31st. This represents a $1.26 annualized dividend and a yield of 16.48%. The ex-dividend date of this dividend is Wednesday, March 19th.

Carlyle Credit Income Fund has increased its dividend payment by an average of 6.2% annually over the last three years.

Carlyle Credit Income Fund Stock Down 0.1 %

CCIF stock traded down $0.01 during mid-day trading on Thursday, reaching $7.65. 241,014 shares of the stock traded hands, compared to its average volume of 156,537. The business has a 50-day moving average of $7.82 and a two-hundred day moving average of $8.14. Carlyle Credit Income Fund has a 52 week low of $7.54 and a 52 week high of $8.80.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its earnings results on Wednesday, February 26th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.14. The business had revenue of $8.27 million for the quarter, compared to the consensus estimate of $8.22 million.

Insider Activity

In other news, Director Joan Y. Mccabe acquired 18,079 shares of the stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $8.02 per share, for a total transaction of $144,993.58. Following the completion of the transaction, the director now owns 30,358 shares in the company, valued at approximately $243,471.16. This trade represents a 147.24 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

Separately, Oppenheimer assumed coverage on shares of Carlyle Credit Income Fund in a research note on Monday, December 9th. They issued a “market perform” rating and a $8.00 price objective on the stock.

Carlyle Credit Income Fund Company Profile

Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC. The fund is co – managed by Behringer Advisors, LLC. The Fund invests mainly in fixed-income securities. The fund invests in stocks of companies operating across diversified sectors.