Carlyle Secured Lending, Inc. (NASDAQ:CGBD) to Issue $0.35 Quarterly Dividend

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Tuesday, June 30th will be given a dividend of 0.35 per share on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Carlyle Secured Lending has decreased its dividend by an average of 0.0%annually over the last three years. Carlyle Secured Lending has a dividend payout ratio of 74.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Carlyle Secured Lending to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 98.6%.

Carlyle Secured Lending Trading Up 2.8%

Shares of CGBD opened at $10.82 on Friday. The firm’s 50 day simple moving average is $11.12 and its 200 day simple moving average is $11.64. The company has a market capitalization of $752.34 million, a P/E ratio of 15.25 and a beta of 0.62. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.72 and a quick ratio of 1.72. Carlyle Secured Lending has a 1-year low of $10.48 and a 1-year high of $14.49.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Monday, May 11th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $64.08 million during the quarter, compared to analysts’ expectations of $65.78 million. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. Sell-side analysts forecast that Carlyle Secured Lending will post 1.36 earnings per share for the current fiscal year.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.