Carlyle Group Inc. (CG) to Issue Quarterly Dividend of $0.35 on February 20th

Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Thursday, February 5th. Investors of record on Monday, February 16th will be given a dividend of 0.35 per share by the financial services provider on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, February 13th.

Carlyle Group has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Carlyle Group has a dividend payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Carlyle Group to earn $4.74 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 29.5%.

Carlyle Group Stock Performance

Carlyle Group stock traded down $3.58 during trading hours on Wednesday, hitting $54.10. 2,634,492 shares of the stock traded hands, compared to its average volume of 2,935,248. Carlyle Group has a 1 year low of $33.02 and a 1 year high of $69.85. The stock has a market capitalization of $19.50 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 1.06 and a beta of 2.05. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49. The firm’s 50 day moving average price is $60.65 and its 200-day moving average price is $60.27.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company earned $0.92 EPS. Carlyle Group’s quarterly revenue was up 84.1% on a year-over-year basis. As a group, equities analysts expect that Carlyle Group will post 4.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CG. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. Barclays boosted their price target on Carlyle Group from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Monday. Morgan Stanley set a $71.00 price target on shares of Carlyle Group in a report on Tuesday, January 27th. Citigroup lowered their target price on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods reduced their price target on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $68.08.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.