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

Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 17th will be paid a dividend of 0.35 per share by the financial services provider on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 17th.

Carlyle Group has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Carlyle Group has a dividend payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Carlyle Group to earn $5.18 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 27.0%.

Carlyle Group Trading Down 2.0%

Shares of NASDAQ CG traded down $1.02 during midday trading on Thursday, reaching $48.82. 2,475,420 shares of the stock were exchanged, compared to its average volume of 3,337,105. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 1.78 and a beta of 1.83. Carlyle Group has a 12 month low of $39.60 and a 12 month high of $69.85. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The business has a 50-day simple moving average of $44.67 and a two-hundred day simple moving average of $49.04.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.16. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.Carlyle Group’s revenue for the quarter was down 28.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, equities research analysts expect that Carlyle Group will post 3.71 EPS for the current year.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.