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

Carlyle Credit Income Fund (NYSE:CCIF) declared a dividend on Tuesday, March 18th, investing.com reports. Stockholders of record on Thursday, March 20th will be paid a dividend of 0.105 per share on Monday, March 31st. This represents a dividend yield of 16.51%. The ex-dividend date of this dividend is Wednesday, March 19th.

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

Carlyle Credit Income Fund Trading Down 1.8 %

Shares of NYSE CCIF traded down $0.14 during mid-day trading on Tuesday, reaching $7.63. 290,806 shares of the company were exchanged, compared to its average volume of 112,927. Carlyle Credit Income Fund has a 1 year low of $7.54 and a 1 year high of $8.80. The firm has a 50-day moving average of $7.74 and a 200 day moving average of $8.06.

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

Insider Buying and Selling at Carlyle Credit Income Fund

In other news, Director Joan Y. Mccabe bought 18,079 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of $8.02 per share, for a total transaction of $144,993.58. Following the purchase, the director now directly owns 30,358 shares in the company, valued at approximately $243,471.16. This trade represents a 147.24 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analysts Set New Price Targets

Separately, Oppenheimer began coverage on shares of Carlyle Credit Income Fund in a report on Monday, December 9th. They set a “market perform” rating and a $8.00 price objective on the stock.

About Carlyle Credit Income Fund

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.