GCM Grosvenor Inc. (NASDAQ:GCMG) Shares to Pay Quarterly Dividend of $0.12

GCM Grosvenor Inc. (NASDAQ:GCMG) announced a quarterly dividend on Monday, November 9th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.12 per share on Tuesday, December 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, December 1st.

GCM Grosvenor has a payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect GCM Grosvenor to earn $0.86 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 55.8%.

GCM Grosvenor Trading Up 6.2%

Shares of GCMG stock traded up $0.79 on Monday, hitting $13.45. 417,604 shares of the company’s stock traded hands, compared to its average volume of 527,001. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 25.87 and a beta of 0.91. The company’s fifty day simple moving average is $12.87 and its 200 day simple moving average is $11.90. GCM Grosvenor has a one year low of $9.30 and a one year high of $14.87. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.89 and a current ratio of 1.89.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $145.55 million during the quarter, compared to the consensus estimate of $141.60 million. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. Equities analysts forecast that GCM Grosvenor will post 0.69 EPS for the current year.

GCM Grosvenor Company Profile

GCM Grosvenor is an alternative asset management firm that provides investment solutions across private markets and hedge fund strategies. Its offerings include private equity, infrastructure, real estate and credit investments, as well as customized portfolios and multi-manager strategies.

The firm invests on behalf of institutional investors and other clients through primary investments, co-investments and secondary-market transactions. Its activities span global markets, with offices in North America, Europe and Asia.

Founded in 1971, the firm traces its roots to Grosvenor Capital Management.