Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Plans $0.45 Quarterly Dividend

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.45 per share on Friday, January 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.85%. The ex-dividend date is Tuesday, December 31st.

Carlyle Secured Lending has a dividend 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 tumble. Analysts expect Carlyle Secured Lending to earn $1.75 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 91.4%.

Carlyle Secured Lending Trading Up 0.7 %

NASDAQ CGBD opened at $18.28 on Friday. The firm has a market capitalization of $930.56 million, a price-to-earnings ratio of 10.21 and a beta of 1.59. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. Carlyle Secured Lending has a one year low of $14.76 and a one year high of $18.74. The company’s 50 day moving average price is $17.23 and its 200 day moving average price is $17.32.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $55.97 million for the quarter, compared to the consensus estimate of $39.92 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. During the same quarter last year, the firm posted $0.52 EPS. On average, sell-side analysts predict that Carlyle Secured Lending will post 1.98 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reduced their price objective on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th.

Carlyle Secured Lending Company Profile

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.