Carlyle Secured Lending, Inc. Declares Quarterly Dividend of $0.40 (NASDAQ:CGBD)

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders of record on Monday, March 24th will be paid a dividend of 0.40 per share on Thursday, April 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date is Monday, March 24th.

Carlyle Secured Lending has a dividend 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 decline. Equities analysts expect Carlyle Secured Lending to earn $1.74 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 92.0%.

Carlyle Secured Lending Trading Up 1.9 %

Shares of NASDAQ:CGBD opened at $17.86 on Thursday. Carlyle Secured Lending has a 52 week low of $15.01 and a 52 week high of $18.74. The company’s 50 day moving average is $18.06 and its two-hundred day moving average is $17.41. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The company has a market cap of $909.18 million, a PE ratio of 9.98 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CGBD shares. JPMorgan Chase & Co. increased their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Bank of America downgraded shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research report on Monday, February 10th. Finally, Wells Fargo & Company increased their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th.

Carlyle Secured Lending Company Profile

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.