Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Announces $0.34 Quarterly Dividend

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) declared a quarterly dividend on Thursday, August 13th. Stockholders of record on Friday, September 25th will be paid a dividend of 0.34 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Friday, September 25th.

Chicago Atlantic BDC Price Performance

Shares of Chicago Atlantic BDC stock traded down $0.26 during trading on Thursday, hitting $9.44. 71,194 shares of the company’s stock traded hands, compared to its average volume of 71,726. Chicago Atlantic BDC has a 1 year low of $8.92 and a 1 year high of $11.44. The business has a 50-day simple moving average of $9.78 and a 200-day simple moving average of $9.80. The stock has a market capitalization of $215.42 million, a P/E ratio of 6.29 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last issued its earnings results on Wednesday, August 12th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). The business had revenue of $13.97 million during the quarter, compared to analysts’ expectations of $16.23 million. Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%. On average, equities analysts predict that Chicago Atlantic BDC will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC (NASDAQ:LIEN) is a closed-end management investment company organized as a business development company (BDC). It focuses on providing debt and equity financing solutions to U.S. middle-market companies that demonstrate strong growth potential. Through its public listing, the company offers investors exposure to a diversified portfolio of private credit and equity investments aimed at delivering attractive risk-adjusted returns.

The company’s investment strategy centers on structuring customized credit facilities, including senior secured loans, unitranche loans, mezzanine debt and equity co-investments.