Morgan Stanley Direct Lending (NYSE:MSDL) Declares $0.50 Quarterly Dividend

Morgan Stanley Direct Lending (NYSE:MSDL) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.50 per share on Friday, April 25th. This represents a $2.00 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date of this dividend is Monday, March 31st.

Morgan Stanley Direct Lending Price Performance

Shares of NYSE:MSDL opened at $20.23 on Friday. The stock’s fifty day simple moving average is $20.87 and its two-hundred day simple moving average is $20.47. The stock has a market cap of $1.79 billion and a PE ratio of 7.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.99. Morgan Stanley Direct Lending has a 1-year low of $19.05 and a 1-year high of $24.18.

Morgan Stanley Direct Lending (NYSE:MSDL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.06). Morgan Stanley Direct Lending had a return on equity of 12.69% and a net margin of 54.89%. The business had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $107.02 million. As a group, analysts forecast that Morgan Stanley Direct Lending will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their price objective on shares of Morgan Stanley Direct Lending from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.63.

Morgan Stanley Direct Lending Company Profile

Morgan Stanley Direct Lending Fund is a business development company. It is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. Morgan Stanley Direct Lending Fund is based in NEW YORK.