Morgan Stanley Direct Lending Fund (MSDL) to Issue Quarterly Dividend of $0.45 on October 23rd

Morgan Stanley Direct Lending Fund (NYSE:MSDL) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, September 30th will be given a dividend of $0.45 per share on Friday, October 23rd. This represents a $1.80 annualized dividend and a yield of 12.6%. The ex-dividend date is Wednesday, September 30th.

Morgan Stanley Direct Lending Fund Stock Down 0.0%

Shares of NYSE MSDL opened at $14.29 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $15.08 and its two-hundred day moving average is $15.06. Morgan Stanley Direct Lending Fund has a 52-week low of $13.66 and a 52-week high of $17.91. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 20.70 and a beta of 0.54.

Morgan Stanley Direct Lending Fund (NYSE:MSDL) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $59.28 million during the quarter, compared to analyst estimates of $89.99 million. Morgan Stanley Direct Lending Fund had a return on equity of 9.61% and a net margin of 15.97%. Research analysts predict that Morgan Stanley Direct Lending Fund will post 1.82 EPS for the current year.

About Morgan Stanley Direct Lending Fund

Morgan Stanley Direct Lending Fund (NYSE: MSDL) is a business development company focused on providing financing to middle-market companies. The fund seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in privately negotiated senior secured loans and other debt investments.

MSDL generally targets established businesses across a range of industries and may make investments in companies backed by private equity sponsors as well as in non-sponsored businesses.