Chicago Atlantic BDC, Inc. (LIEN) To Go Ex-Dividend on March 30th

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) declared a quarterly dividend on Wednesday, March 18th. Stockholders of record on Monday, March 30th will be paid a dividend of 0.34 per share on Tuesday, April 14th. This represents a c) dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date is Monday, March 30th.

Chicago Atlantic BDC Price Performance

Shares of Chicago Atlantic BDC stock opened at $9.50 on Friday. Chicago Atlantic BDC has a 1 year low of $9.50 and a 1 year high of $11.75. The company has a market capitalization of $216.79 million, a P/E ratio of 11.88 and a beta of 0.27. The business has a 50 day moving average price of $10.13 and a 200 day moving average price of $10.41.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its earnings results on Thursday, March 19th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $14.23 million for the quarter, compared to analyst estimates of $13.41 million. Chicago Atlantic BDC had a return on equity of 5.88% and a net margin of 33.24%. As a group, research analysts expect that Chicago Atlantic BDC will post 0.76 EPS for the current fiscal year.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC (NASDAQ:LIEN) is a closed-end management investment company organized as a business development company (BDC). It focuses on providing debt and equity financing solutions to U.S. middle-market companies that demonstrate strong growth potential. Through its public listing, the company offers investors exposure to a diversified portfolio of private credit and equity investments aimed at delivering attractive risk-adjusted returns.

The company’s investment strategy centers on structuring customized credit facilities, including senior secured loans, unitranche loans, mezzanine debt and equity co-investments.