Carlyle Group Inc. (CG) to Distribute Quarterly Dividend of $0.35 on November 23rd

Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.35 per share by the financial services provider on Monday, November 23rd. This represents a $1.40 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 16th.

Carlyle Group has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Carlyle Group has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Carlyle Group to earn $5.10 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 27.5%.

Carlyle Group Stock Down 0.7%

CG opened at $39.70 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. The company has a market capitalization of $14.15 billion, a P/E ratio of 42.23, a P/E/G ratio of 1.32 and a beta of 1.84. The firm’s fifty day moving average price is $40.64 and its two-hundred day moving average price is $46.75. Carlyle Group has a fifty-two week low of $35.41 and a fifty-two week high of $67.30.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same period in the previous year, the firm earned $0.87 earnings per share. Carlyle Group’s quarterly revenue was down 28.6% on a year-over-year basis. On average, analysts anticipate that Carlyle Group will post 3.53 EPS for the current year.

Carlyle Group Company Profile

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.