Nuveen Churchill Direct Lending Corp. Announces Dividend of $0.10 (NYSE:NCDL)

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) declared a dividend on Wednesday, January 10th, NASDAQ reports. Investors of record on Monday, May 13th will be given a dividend of 0.10 per share on Sunday, July 28th. The ex-dividend date is Friday, May 10th.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL traded up $0.13 during mid-day trading on Wednesday, reaching $17.67. The company’s stock had a trading volume of 8,396 shares, compared to its average volume of 62,471. The company has a fifty day moving average price of $17.38. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26. Nuveen Churchill Direct Lending has a 1 year low of $16.00 and a 1 year high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its earnings results on Tuesday, February 27th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. Nuveen Churchill Direct Lending had a return on equity of 11.91% and a net margin of 46.95%. The company had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.40 million. Equities analysts forecast that Nuveen Churchill Direct Lending will post 2.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $18.50 target price on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, March 26th. Wells Fargo & Company started coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set an “equal weight” rating and a $18.00 price objective for the company. UBS Group started coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 target price for the company. Bank of America began coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Truist Financial assumed coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “buy” rating and a $19.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.