Carlyle Group Inc. (CG) to Issue Quarterly Dividend of $0.35 on August 26th

Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 17th will be given a dividend of 0.35 per share by the financial services provider on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 17th.

Carlyle Group has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 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 $5.18 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 27.0%.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $48.88 on Friday. The firm has a market cap of $17.60 billion, a price-to-earnings ratio of 50.92, a P/E/G ratio of 1.75 and a beta of 1.83. The firm has a fifty day moving average price of $44.74 and a 200 day moving average price of $48.93. Carlyle Group has a fifty-two week low of $39.60 and a fifty-two week high of $69.85. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.55 and a current ratio of 2.35.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. During the same period in the previous year, the firm posted $0.87 EPS. Carlyle Group’s revenue for the quarter was down 28.6% compared to the same quarter last year. As a group, sell-side analysts expect that Carlyle Group will post 3.71 earnings per share for the current fiscal year.

Trending Headlines about Carlyle Group

Here are the key news stories impacting Carlyle Group this week:

• Positive Sentiment: Second-quarter earnings beat expectations. Carlyle reported adjusted EPS of $1.07 versus the $0.91 consensus estimate, while revenue of $1.11 billion exceeded forecasts of approximately $923.5 million. Performance revenues and higher assets under management helped drive the beat. Carlyle Q2 Earnings Beat Estimates
• Positive Sentiment: Fundraising and private-market demand remain strong. Carlyle raised approximately $17 billion and said private credit and private-equity activity could accelerate into a new fundraising cycle. The firm is also preparing to raise new flagship funds, potentially supporting future fee-related earnings and assets under management. Carlyle Raises $17 Billion
• Positive Sentiment: Strategic credit investment expands Carlyle’s growth pipeline. Carlyle’s Global Credit platform agreed to provide about $600 million in hybrid capital to Prime Capital Financial, including a minority ownership stake. The transaction values Prime Capital at more than $1.8 billion and broadens Carlyle’s exposure to a growing financial-services platform. Prime Capital Financial Strategic Partnership
• Positive Sentiment: Analysts raised their targets. Keefe, Bruyette & Woods lifted its target to $50 while maintaining a market-perform rating, and Citizens JMP raised its target to $73 with a market-outperform rating. The revisions reflect improved earnings and fundraising expectations. Analyst Price Target Changes
• Neutral Sentiment: Dividend maintained. Carlyle declared a quarterly dividend of $0.35 per share, payable August 26 to shareholders of record August 17, representing an annualized yield of roughly 2.9%. Carlyle Dividend Announcement
• Negative Sentiment: Costs and year-over-year comparisons temper the outlook. Although quarterly results beat estimates, revenue declined 28.6% from the prior year and expenses increased year over year. Carlyle’s elevated valuation and market sensitivity may also limit enthusiasm despite the earnings beat.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.