Carlyle Credit Income Fund Declares Monthly Dividend of $0.11 (NYSE:CCIF)

Carlyle Credit Income Fund (NYSE:CCIF) announced a monthly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Stockholders of record on Wednesday, March 19th will be given a dividend of 0.105 per share on Monday, March 31st. This represents a $1.26 annualized dividend and a dividend yield of 16.48%. The ex-dividend date is Wednesday, March 19th.

Carlyle Credit Income Fund has raised its dividend by an average of 6.2% annually over the last three years.

Carlyle Credit Income Fund Stock Performance

NYSE:CCIF opened at $7.65 on Friday. The firm’s fifty day simple moving average is $7.82 and its 200 day simple moving average is $8.14. Carlyle Credit Income Fund has a twelve month low of $7.54 and a twelve month high of $8.80.

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

Insider Activity at Carlyle Credit Income Fund

In other Carlyle Credit Income Fund news, Director Joan Y. Mccabe bought 18,079 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of $8.02 per share, with a total value of $144,993.58. Following the transaction, the director now directly owns 30,358 shares in the company, valued at approximately $243,471.16. This trade represents a 147.24 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Analyst Upgrades and Downgrades

Separately, Oppenheimer began coverage on shares of Carlyle Credit Income Fund in a report on Monday, December 9th. They set a “market perform” rating and a $8.00 price target for the company.

About Carlyle Credit Income Fund

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.