The Carlyle Group Inc. (NASDAQ:CG) to Issue $0.35 Quarterly Dividend

The Carlyle Group Inc. (NASDAQ:CG) announced a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.35 per share by the financial services provider on Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, February 21st.

The Carlyle Group has increased its dividend payment by an average of 11.9% per year over the last three years. The Carlyle Group has a dividend payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect The Carlyle Group to earn $4.51 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 31.0%.

The Carlyle Group Trading Up 2.2 %

NASDAQ CG traded up $1.08 during trading on Thursday, hitting $51.03. The stock had a trading volume of 4,022,267 shares, compared to its average volume of 2,236,213. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market capitalization of $18.25 billion, a price-to-earnings ratio of 175.97, a P/E/G ratio of 0.92 and a beta of 1.70. The Carlyle Group has a one year low of $36.65 and a one year high of $57.50. The stock has a 50 day simple moving average of $52.74 and a 200 day simple moving average of $48.26.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. Sell-side analysts predict that The Carlyle Group will post 3.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CG. Keefe, Bruyette & Woods lifted their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. UBS Group lifted their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company cut their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $54.93.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.