Carlyle Credit Income Fund (CCIF) To Go Ex-Dividend on March 19th

Carlyle Credit Income Fund (NYSE:CCIF) announced a monthly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Investors of record on Wednesday, March 19th will be given a dividend of 0.105 per share on Monday, March 31st. This represents a $1.26 annualized dividend and a dividend yield of 16.20%. The ex-dividend date of this dividend is Wednesday, March 19th.

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

Carlyle Credit Income Fund Trading Up 1.3 %

NYSE CCIF opened at $7.78 on Monday. The company’s fifty day moving average price is $7.75 and its two-hundred day moving average price is $8.07. Carlyle Credit Income Fund has a 12 month low of $7.54 and a 12 month high of $8.80.

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

Insider Activity

In related news, Director Joan Y. Mccabe acquired 18,079 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average price of $8.02 per share, for a total transaction of $144,993.58. Following the transaction, the director now directly owns 30,358 shares of the company’s stock, valued at approximately $243,471.16. This trade represents a 147.24 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer started coverage on Carlyle Credit Income Fund in a research note on Monday, December 9th. They issued a “market perform” rating and a $8.00 price target for the company.

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.