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

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

Carlyle Secured Lending has a dividend 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 fall. Research 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 Performance

Shares of CGBD stock traded up $0.12 during midday trading on Friday, hitting $18.28. 144,355 shares of the company were exchanged, compared to its average volume of 210,137. Carlyle Secured Lending has a 52 week low of $14.76 and a 52 week high of $18.74. The firm has a market capitalization of $930.56 million, a P/E ratio of 10.21 and a beta of 1.59. The firm's 50 day moving average price is $17.23 and its two-hundred day moving average price is $17.32. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. The company had revenue of $55.97 million during the quarter, compared to analysts' expectations of $39.92 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. As a group, equities research analysts anticipate that Carlyle Secured Lending will post 1.98 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their target price on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research 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.