Nuveen Churchill Direct Lending Corp. Announces — Dividend of $0.10 (NYSE:NCDL)

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) announced a — dividend on Monday, May 6th, Wall Street Journal reports. Investors of record on Monday, August 12th will be paid a dividend of 0.10 per share on Monday, October 28th. This represents a dividend yield of 10.3%. The ex-dividend date is Monday, August 12th.

Nuveen Churchill Direct Lending Price Performance

NCDL stock opened at $17.55 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a fifty day simple moving average of $17.38. Nuveen Churchill Direct Lending has a 1-year low of $16.00 and a 1-year high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The company had revenue of $48.95 million for the quarter, compared to the consensus estimate of $48.40 million. Nuveen Churchill Direct Lending had a net margin of 46.95% and a return on equity of 11.91%. On average, equities research analysts forecast that Nuveen Churchill Direct Lending will post 2.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NCDL shares. Wells Fargo & Company initiated coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued an “equal weight” rating and a $18.00 price objective on the stock. JMP Securities restated a “market outperform” rating and set a $18.50 target price on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, March 26th. Truist Financial initiated coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They set a “buy” rating and a $19.00 price objective on the stock. Bank of America began coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “buy” rating and a $19.00 target price for the company. Finally, UBS Group began coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “neutral” rating and a $18.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.50.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.