Nuveen Churchill Direct Lending Corp. to Issue Quarterly Dividend of $0.45 (NYSE:NCDL)

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) declared a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Investors of record on Friday, June 28th will be paid a dividend of 0.45 per share on Monday, July 29th. This represents a $1.80 annualized dividend and a yield of 10.19%. The ex-dividend date is Friday, June 28th.

Nuveen Churchill Direct Lending Stock Performance

Nuveen Churchill Direct Lending stock opened at $17.66 on Thursday. Nuveen Churchill Direct Lending has a 12 month low of $16.00 and a 12 month high of $18.10. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average price of $17.60.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its earnings results on Thursday, May 9th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.07. Nuveen Churchill Direct Lending had a net margin of 51.98% and a return on equity of 12.28%. The business had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.60 million. Sell-side analysts expect that Nuveen Churchill Direct Lending will post 2.32 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market outperform” rating and issued a $18.50 target price on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.