Chicago Atlantic BDC (NASDAQ:LIEN) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Chicago Atlantic BDC (NASDAQ:LIEN) posted its quarterly earnings data on Monday. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06, Zacks reports. The company had revenue of $12.65 million during the quarter, compared to analysts’ expectations of $11.00 million. Chicago Atlantic BDC had a return on equity of 3.80% and a net margin of 32.69%.

Chicago Atlantic BDC Price Performance

Shares of LIEN opened at $11.11 on Wednesday. Chicago Atlantic BDC has a 12 month low of $9.50 and a 12 month high of $13.38. The stock’s fifty day simple moving average is $11.70. The firm has a market capitalization of $69.05 million, a PE ratio of 16.83 and a beta of 0.24.

Chicago Atlantic BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.36 annualized dividend and a dividend yield of 12.24%. Chicago Atlantic BDC’s dividend payout ratio is currently 206.06%.

About Chicago Atlantic BDC

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.