Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Announces Quarterly Dividend of $0.47

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.47 per share on Thursday, October 17th. This represents a $1.88 annualized dividend and a dividend yield of 10.73%. The ex-dividend date of this dividend is Monday, September 30th.

Carlyle Secured Lending has a payout ratio of 85.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Carlyle Secured Lending to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 88.4%.

Carlyle Secured Lending Price Performance

Shares of CGBD opened at $17.52 on Friday. The business’s 50 day moving average price is $17.02 and its two-hundred day moving average price is $17.23. The firm has a market cap of $889.93 million, a PE ratio of 10.25 and a beta of 1.59. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.85 and a current ratio of 1.85. Carlyle Secured Lending has a 52-week low of $13.31 and a 52-week high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $58.26 million during the quarter, compared to the consensus estimate of $42.21 million. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities analysts anticipate that Carlyle Secured Lending will post 1.96 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CGBD. Wells Fargo & Company cut their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target for the company. in a research report on Monday, July 29th.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.