Chicago Atlantic BDC, Inc. (LIEN) to Distribute Quarterly Dividend of $0.34 on October 9th

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) announced a quarterly dividend on Monday, August 10th. Stockholders of record on Friday, September 25th will be paid a dividend of 0.34 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Friday, September 25th.

Chicago Atlantic BDC Stock Performance

NASDAQ LIEN opened at $10.27 on Wednesday. The business has a fifty day moving average price of $9.84 and a 200 day moving average price of $9.77. The company has a market cap of $234.36 million, a P/E ratio of 7.39 and a beta of 0.30. Chicago Atlantic BDC has a one year low of $8.92 and a one year high of $11.27.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The business had revenue of $13.97 million for the quarter, compared to analysts’ expectations of $16.23 million. Chicago Atlantic BDC had a return on equity of 11.66% and a net margin of 52.82%. As a group, sell-side analysts predict that Chicago Atlantic BDC will post 1.64 EPS for the current fiscal year.

About Chicago Atlantic BDC

Chicago Atlantic BDC, Inc (NASDAQ: LIEN) is a business development company that provides financing to privately owned and other middle-market businesses. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in debt and equity securities.

Chicago Atlantic BDC generally invests in businesses that may have limited access to traditional bank financing. Its investment activities can include secured and unsecured loans, subordinated debt, and equity-related investments.