GCM Grosvenor Inc. (GCMG) To Go Ex-Dividend on June 5th

GCM Grosvenor Inc. (NASDAQ:GCMG) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, June 5th will be given a dividend of 0.12 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, June 5th.

GCM Grosvenor has a payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect GCM Grosvenor to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 56.5%.

GCM Grosvenor Price Performance

NASDAQ:GCMG opened at $10.51 on Wednesday. GCM Grosvenor has a 1-year low of $9.30 and a 1-year high of $13.22. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 2.97. The firm has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $10.99. The stock has a market capitalization of $2.12 billion, a PE ratio of 23.36 and a beta of 0.85.

GCM Grosvenor (NASDAQ:GCMG) last released its earnings results on Thursday, May 7th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. GCM Grosvenor had a net margin of 9.05% and a return on equity of 222.78%. The business had revenue of $124.78 million during the quarter, compared to analysts’ expectations of $130.13 million. On average, research analysts expect that GCM Grosvenor will post 0.67 EPS for the current fiscal year.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi?strategy hedge fund products. Through its multi?manager platforms and direct co?investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.