Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) Stock Price Up 0.3% – Time to Buy?

The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL)’s share price shot up 0.3% during mid-day trading on Wednesday . The stock traded as high as $16.39 and last traded at $16.32. 11,664 shares changed hands during trading, a decline of 54% from the average daily volume of 25,541 shares. The stock had previously closed at $16.27.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Stock Performance

The stock has a 50 day moving average price of $16.74 and a 200 day moving average price of $17.20.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 15th. Investors of record on Saturday, August 1st will be issued a dividend of $0.2891 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, July 31st.

About Carlyle Group Inc. 4.625% Subordinated Notes due 2061

The Carlyle Group Inc 4.625% Subordinated Notes due 2061 (Nasdaq: CGABL) are unsecured, subordinated debt securities issued by The Carlyle Group Inc, a global alternative asset manager. These notes pay a fixed annual interest rate of 4.625%, with interest typically paid semi-annually. As subordinated obligations, they rank below the company’s senior debt but above its equity in the event of liquidation. The notes mature in 2061, at which point the principal amount is payable, unless earlier redeemed or repurchased by the issuer under the terms set forth in the offering documents.

The issuance of these subordinated notes is intended to support Carlyle’s ongoing capital needs, including general corporate purposes and potential growth initiatives across its various investment platforms.