Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Announces $0.10 — Dividend

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) declared a — dividend on Tuesday, May 7th, Wall Street Journal reports. Investors of record on Wednesday, February 12th will be given a dividend of 0.10 per share on Monday, April 28th. This represents a yield of 10.3%. The ex-dividend date is Wednesday, February 12th.

Nuveen Churchill Direct Lending Trading Down 0.2 %

NCDL opened at $17.51 on Thursday. Nuveen Churchill Direct Lending has a 52-week low of $16.00 and a 52-week high of $18.10. The stock’s 50 day simple moving average is $17.40. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its earnings results on Tuesday, February 27th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. Nuveen Churchill Direct Lending had a net margin of 46.95% and a return on equity of 11.91%. The business had revenue of $48.95 million for the quarter, compared to analyst estimates of $48.40 million. On average, research analysts expect that Nuveen Churchill Direct Lending will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NCDL shares. Truist Financial began coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “buy” rating and a $19.00 target price for the company. Keefe, Bruyette & Woods assumed coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “market perform” rating and a $18.50 price objective for the company. UBS Group initiated coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They set a “neutral” rating and a $18.00 price objective on the stock. Wells Fargo & Company initiated coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued an “equal weight” rating and a $18.00 target price for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $18.50 price target on shares of Nuveen Churchill Direct Lending in a report on Tuesday, March 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.