Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Declares Quarterly Dividend of $0.34

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) announced a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Investors of record on Friday, March 28th will be paid a dividend of 0.34 per share on Friday, April 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.72%. The ex-dividend date of this dividend is Friday, March 28th.

Chicago Atlantic BDC Stock Down 3.4 %

NASDAQ LIEN opened at $11.60 on Tuesday. The company’s 50-day moving average price is $11.68. Chicago Atlantic BDC has a twelve month low of $8.38 and a twelve month high of $13.38. The stock has a market capitalization of $72.09 million, a P/E ratio of 17.58 and a beta of 0.24.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.