Carlyle Secured Lending, Inc. (CGBD) To Go Ex-Dividend on June 30th

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.35 per share on Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Tuesday, June 30th.

Carlyle Secured Lending has decreased its dividend by an average of 0.0%per year over the last three years. Carlyle Secured Lending has a payout ratio of 74.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Carlyle Secured Lending to earn $1.42 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 98.6%.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock opened at $10.82 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.24. The company has a 50 day moving average price of $11.12 and a 200-day moving average price of $11.64. Carlyle Secured Lending has a 52 week low of $10.48 and a 52 week high of $14.49. The firm has a market capitalization of $752.34 million, a PE ratio of 15.25 and a beta of 0.62.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. The company had revenue of $64.08 million for the quarter, compared to the consensus estimate of $65.78 million. As a group, equities research analysts expect that Carlyle Secured Lending will post 1.36 earnings per share for the current year.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.