The Carlyle Group Inc. (NASDAQ:CG) to Issue $0.35 Quarterly Dividend

The Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.35 per share by the financial services provider on Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, February 21st.

The Carlyle Group has raised its dividend by an average of 11.9% annually over the last three years. The Carlyle Group has a dividend payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect The Carlyle Group to earn $4.81 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 29.1%.

The Carlyle Group Stock Up 3.2 %

Shares of NASDAQ:CG opened at $53.45 on Wednesday. The business’s 50 day simple moving average is $52.69 and its two-hundred day simple moving average is $48.39. The firm has a market cap of $19.12 billion, a P/E ratio of 19.23, a PEG ratio of 0.97 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group has a 52-week low of $36.65 and a 52-week high of $57.50.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. As a group, research analysts forecast that The Carlyle Group will post 4.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CG has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. increased their price objective on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Barclays decreased their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Finally, UBS Group increased their price target on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.93.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.