Carlyle Credit Income Fund Announces Monthly Dividend of $0.11 (NYSE:CCIF)

Carlyle Credit Income Fund (NYSE:CCIF) declared a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Monday, May 19th will be given a dividend of 0.105 per share on Friday, May 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 16.48%. The ex-dividend date is Monday, May 19th.

Carlyle Credit Income Fund has increased its dividend payment by an average of 6.2% annually over the last three years.

Carlyle Credit Income Fund Stock Down 0.1 %

Shares of NYSE:CCIF traded down $0.01 during trading on Thursday, hitting $7.65. The stock had a trading volume of 241,014 shares, compared to its average volume of 156,537. Carlyle Credit Income Fund has a 12 month low of $7.54 and a 12 month high of $8.80. The firm’s fifty day moving average is $7.83 and its 200 day moving average is $8.14.

Carlyle Credit Income Fund (NYSE:CCIF) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. The firm had revenue of $8.27 million during the quarter, compared to analysts’ expectations of $8.22 million.

Insiders Place Their Bets

In other Carlyle Credit Income Fund news, Director Joan Y. Mccabe purchased 18,079 shares of the stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of $8.02 per share, with a total value of $144,993.58. Following the completion of the acquisition, the director now owns 30,358 shares in the company, valued at $243,471.16. This trade represents a 147.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analysts Set New Price Targets

Separately, Oppenheimer assumed coverage on Carlyle Credit Income Fund in a report on Monday, December 9th. They issued a “market perform” rating and a $8.00 target price on the stock.

Carlyle Credit Income Fund Company Profile

Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC. The fund is co – managed by Behringer Advisors, LLC. The Fund invests mainly in fixed-income securities. The fund invests in stocks of companies operating across diversified sectors.