Carlyle Secured Lending, Inc. Declares Quarterly Dividend of $0.45 (NASDAQ:CGBD)

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.45 per share on Friday, January 17th. This represents a $1.80 annualized dividend and a dividend yield of 9.85%. The ex-dividend date of this dividend is Tuesday, December 31st.

Carlyle Secured Lending has a payout ratio of 85.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Carlyle Secured Lending to earn $1.75 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 91.4%.

Carlyle Secured Lending Stock Up 0.7 %

Shares of NASDAQ:CGBD opened at $18.28 on Friday. Carlyle Secured Lending has a 52 week low of $14.76 and a 52 week high of $18.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. The company’s fifty day moving average is $17.23 and its 200-day moving average is $17.32. The company has a market capitalization of $930.56 million, a PE ratio of 10.21 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The company had revenue of $55.97 million for the quarter, compared to the consensus estimate of $39.92 million. During the same quarter in the previous year, the company earned $0.52 EPS. Equities research analysts predict that Carlyle Secured Lending will post 1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wells Fargo & Company dropped their price objective on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.