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

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Investors 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 yield of 10.73%. The ex-dividend date 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 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 Stock Performance

Carlyle Secured Lending stock traded up $0.14 during midday trading on Friday, hitting $17.52. 207,956 shares of the company were exchanged, compared to its average volume of 215,974. The firm has a market capitalization of $889.93 million, a PE ratio of 10.25 and a beta of 1.59. Carlyle Secured Lending has a fifty-two week low of $13.31 and a fifty-two week high of $18.74. The business has a fifty day simple moving average of $17.02 and a two-hundred day simple moving average of $17.22. 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 (NASDAQ:CGBD) last posted its earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $58.26 million for the quarter, compared to analyst estimates of $42.21 million. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. During the same period last year, the company earned $0.52 earnings per share. On average, sell-side analysts forecast that Carlyle Secured Lending will post 1.96 earnings per share for the current year.

Analysts Set New Price Targets

CGBD has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. JPMorgan Chase & Co. downgraded Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target on the stock. 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.