Carlyle Secured Lending, Inc. (CGBD) to Issue Quarterly Dividend of $0.45 on January 17th

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.45 per share on Friday, January 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.85%. The ex-dividend date is Tuesday, December 31st.

Carlyle Secured Lending has a payout ratio of 85.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Carlyle Secured Lending to earn $1.75 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 91.4%.

Carlyle Secured Lending Trading Up 0.7 %

Shares of NASDAQ CGBD traded up $0.12 during trading hours on Friday, hitting $18.28. The company’s stock had a trading volume of 144,355 shares, compared to its average volume of 210,137. The business has a 50-day simple moving average of $17.23 and a 200-day simple moving average of $17.32. The stock has a market cap of $930.56 million, a price-to-earnings ratio of 10.21 and a beta of 1.59. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. Carlyle Secured Lending has a 12 month low of $14.76 and a 12 month high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $55.97 million during the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same quarter in the prior year, the company earned $0.52 EPS. On average, analysts anticipate that Carlyle Secured Lending will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered their price target on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.