GCM Grosvenor Inc. Declares Quarterly Dividend of $0.12 (NASDAQ:GCMG)

GCM Grosvenor Inc. (NASDAQ:GCMG) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, June 5th will be given a dividend of 0.12 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, June 5th.

GCM Grosvenor has a payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect GCM Grosvenor to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 56.5%.

GCM Grosvenor Stock Performance

GCM Grosvenor stock opened at $10.51 on Wednesday. GCM Grosvenor has a 12-month low of $9.30 and a 12-month high of $13.22. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 23.36 and a beta of 0.85. The company has a debt-to-equity ratio of 2.97, a current ratio of 4.05 and a quick ratio of 4.05. The firm’s fifty day moving average price is $10.47 and its 200 day moving average price is $10.99.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $124.78 million for the quarter, compared to the consensus estimate of $130.13 million. GCM Grosvenor had a net margin of 9.05% and a return on equity of 222.78%. On average, research analysts forecast that GCM Grosvenor will post 0.67 EPS for the current fiscal year.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.