Carlyle Secured Lending, Inc. (CGBD) to Issue Quarterly Dividend of $0.35 on October 16th

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Wednesday, July 29th. Stockholders 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 dividend 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 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

Carlyle Secured Lending stock opened at $11.25 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20. The firm has a market cap of $774.11 million, a P/E ratio of 22.06 and a beta of 0.64. Carlyle Secured Lending has a 1-year low of $9.94 and a 1-year high of $13.28. The firm has a 50-day moving average of $11.09 and a 200-day moving average of $11.04.

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.