Carlyle Group Inc. (NASDAQ:CG) Announces Quarterly Dividend of $0.35

Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be given a dividend of $0.35 per share by the financial services provider on Monday, November 23rd. This represents a $1.40 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 16th.

Carlyle Group has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 4 years. Carlyle Group has a dividend payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Carlyle Group to earn $5.10 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 27.5%.

Carlyle Group Stock Down 0.5%

Carlyle Group stock traded down $0.21 during midday trading on Friday, hitting $39.75. 1,067,055 shares of the stock were exchanged, compared to its average volume of 3,404,119. Carlyle Group has a 52-week low of $35.41 and a 52-week high of $67.30. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The business’s 50-day moving average price is $40.83 and its 200-day moving average price is $46.86. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 41.42, a price-to-earnings-growth ratio of 1.37 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $923.50 million. During the same quarter last year, the business posted $0.87 EPS. The company’s revenue for the quarter was down 28.6% on a year-over-year basis. On average, research analysts expect that Carlyle Group will post 3.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CG. Evercore set a $42.00 target price on Carlyle Group in a research note on Friday. Weiss Ratings downgraded Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a report on Monday, October 26th. Citizens Jmp lifted their price target on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.36.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.