Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Announces Quarterly Dividend of $0.35

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.35 per share on Friday, October 16th. This represents a $1.40 annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Wednesday, September 30th.

Carlyle Secured Lending has decreased its dividend payment 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 research analysts expect Carlyle Secured Lending to earn $1.47 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 95.2%.

Carlyle Secured Lending Stock Performance

Shares of CGBD stock opened at $11.25 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $774.11 million, a PE ratio of 22.06 and a beta of 0.64. The company has a 50-day moving average of $11.09 and a two-hundred day moving average of $11.04. Carlyle Secured Lending has a 1-year low of $9.94 and a 1-year high of $13.28.

Hedge Funds Weigh In On Carlyle Secured Lending

Large investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in Carlyle Secured Lending by 33.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,748,836 shares of the company’s stock valued at $18,415,000 after purchasing an additional 436,365 shares during the last quarter. Lalia Capital LLC acquired a new position in Carlyle Secured Lending during the second quarter worth $9,765,000. Legal & General Group Plc boosted its position in shares of Carlyle Secured Lending by 17.8% during the fourth quarter. Legal & General Group Plc now owns 518,842 shares of the company’s stock worth $6,488,000 after buying an additional 78,404 shares during the period. North Ground Capital purchased a new position in shares of Carlyle Secured Lending during the second quarter worth $6,486,480. Finally, Alpine Global Management LLC grew its stake in shares of Carlyle Secured Lending by 82.5% in the fourth quarter. Alpine Global Management LLC now owns 457,342 shares of the company’s stock valued at $5,712,000 after buying an additional 206,733 shares in the last quarter. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a business development company that provides financing to privately owned, middle-market companies. The company’s investment objective is to generate current income and, to a lesser extent, capital appreciation by investing in debt and equity securities.

Carlyle Secured Lending primarily invests in senior secured loans, including first-lien and second-lien loans, as well as subordinated debt and select equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and significant private equity sponsorship.

The company invests primarily in the United States and is externally managed by Carlyle Global Credit Investment Management LLC, an affiliate of The Carlyle Group.