Carlyle Credit Income Fund (NYSE:CCIF) to Issue $0.11 — Dividend

Carlyle Credit Income Fund (NYSE:CCIF) declared a — dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Monday, May 19th will be paid a dividend of 0.105 per share on Friday, May 30th. This represents a yield of 16.5%. The ex-dividend date is Monday, May 19th.

Carlyle Credit Income Fund has increased its dividend by an average of 6.2% per year over the last three years.

Carlyle Credit Income Fund Stock Performance

Shares of CCIF stock opened at $7.70 on Friday. The stock’s fifty day moving average is $7.82 and its two-hundred day moving average is $8.14. Carlyle Credit Income Fund has a fifty-two week low of $7.54 and a fifty-two week high of $8.80.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. The firm had revenue of $8.27 million during the quarter, compared to analysts’ expectations of $8.22 million.

Analyst Ratings Changes

Separately, Oppenheimer began coverage on Carlyle Credit Income Fund in a report on Monday, December 9th. They issued a “market perform” rating and a $8.00 price objective on the stock.

Insiders Place Their Bets

In related news, Director Joan Y. Mccabe bought 18,079 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of $8.02 per share, with a total value of $144,993.58. Following the purchase, the director now directly owns 30,358 shares of the company’s stock, valued at $243,471.16. The trade was a 147.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Carlyle Credit Income Fund Company Profile

Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC. The fund is co – managed by Behringer Advisors, LLC. The Fund invests mainly in fixed-income securities. The fund invests in stocks of companies operating across diversified sectors.