Carlyle Secured Lending, Inc. (CGBD) to Issue Quarterly Dividend of $0.47 on October 17th

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.47 per share on Thursday, October 17th. This represents a $1.88 annualized dividend and a dividend yield of 10.73%. The ex-dividend date of this dividend is Monday, September 30th.

Carlyle Secured Lending has a dividend payout ratio of 85.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Carlyle Secured Lending to earn $1.81 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 88.4%.

Carlyle Secured Lending Trading Up 0.8 %

Shares of NASDAQ CGBD traded up $0.14 during trading hours on Friday, hitting $17.52. 207,956 shares of the company traded hands, compared to its average volume of 215,974. The stock has a market capitalization of $889.93 million, a price-to-earnings ratio of 10.25 and a beta of 1.59. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.05. The company’s 50 day moving average price is $17.02 and its 200 day moving average price is $17.22. Carlyle Secured Lending has a 12 month low of $13.31 and a 12 month high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $58.26 million for the quarter, compared to the consensus estimate of $42.21 million. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. During the same quarter in the previous year, the company posted $0.52 EPS. On average, equities research analysts anticipate that Carlyle Secured Lending will post 1.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price for the company. in a report on Monday, July 29th. Wells Fargo & Company lowered their target price on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th.

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.