Carlyle Credit Income Fund (NYSE:CCIF) Declares — Dividend of $0.11

Carlyle Credit Income Fund (NYSE:CCIF) announced a — dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Monday, May 19th will be given a dividend of 0.105 per share on Friday, May 30th. This represents a dividend yield of 16.5%. The ex-dividend date of this dividend is Monday, May 19th.

Carlyle Credit Income Fund has raised its dividend by an average of 6.2% per year over the last three years.

Carlyle Credit Income Fund Stock Performance

NYSE:CCIF opened at $7.70 on Friday. The stock’s fifty day moving average price is $7.82 and its two-hundred day moving average price is $8.14. Carlyle Credit Income Fund has a 1 year low of $7.54 and a 1 year high of $8.80.

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

Insider Buying and Selling

In other Carlyle Credit Income Fund news, Director Joan Y. Mccabe acquired 18,079 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $243,471.16. This represents a 147.24 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analysts Set New Price Targets

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

About Carlyle Credit Income Fund

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.