Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Plans $0.36 Quarterly Dividend

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) declared a quarterly dividend on Thursday, February 26th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.36 per share on Tuesday, April 28th. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend is Tuesday, March 31st.

Nuveen Churchill Direct Lending Stock Down 1.1%

NCDL stock traded down $0.15 during trading on Thursday, hitting $13.36. 360,668 shares of the stock traded hands, compared to its average volume of 286,901. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market cap of $659.85 million, a price-to-earnings ratio of 6.82 and a beta of 0.40. Nuveen Churchill Direct Lending has a 1 year low of $12.95 and a 1 year high of $17.78. The firm’s 50 day moving average is $13.62 and its two-hundred day moving average is $14.37.

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending (NYSE:NCDL) is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.