Carlyle Secured Lending, Inc. Plans Quarterly Dividend of $0.40 (NASDAQ:CGBD)

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Tuesday, February 24th. Investors of record on Tuesday, March 31st will be given a dividend of 0.40 per share on Thursday, April 16th. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date is Tuesday, March 31st.

Carlyle Secured Lending has increased its dividend by an average of 0.0%per year over the last three years. Carlyle Secured Lending has a dividend payout ratio of 85.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Carlyle Secured Lending to earn $1.74 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 92.0%.

Carlyle Secured Lending Stock Performance

CGBD traded down $0.13 during midday trading on Wednesday, reaching $11.32. The company had a trading volume of 999,233 shares, compared to its average volume of 560,181. The business has a 50-day moving average price of $12.37 and a two-hundred day moving average price of $12.71. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.90 and a current ratio of 0.90. Carlyle Secured Lending has a 12-month low of $10.87 and a 12-month high of $18.40. The stock has a market cap of $576.92 million, a PE ratio of 9.58 and a beta of 0.70.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.05). The firm had revenue of $66.91 million during the quarter, compared to the consensus estimate of $67.26 million. Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%. On average, sell-side analysts expect that Carlyle Secured Lending will post 1.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carlyle Secured Lending

Several hedge funds have recently made changes to their positions in CGBD. Rossby Financial LCC purchased a new position in shares of Carlyle Secured Lending in the 3rd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. raised its holdings in Carlyle Secured Lending by 71.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Carlyle Secured Lending in the third quarter worth about $37,000. Kestra Advisory Services LLC bought a new position in shares of Carlyle Secured Lending in the fourth quarter worth approximately $47,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Carlyle Secured Lending by 1,011.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after buying an additional 3,925 shares during the last quarter. 24.51% of the stock is owned by hedge funds and other institutional investors.

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.