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

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) announced a quarterly dividend on Tuesday, November 11th, NASDAQ Dividends reports. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.34 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

Chicago Atlantic BDC Stock Performance

Shares of NASDAQ:LIEN opened at $10.61 on Monday. The firm has a 50 day simple moving average of $10.52 and a 200 day simple moving average of $10.52. Chicago Atlantic BDC has a 52 week low of $9.70 and a 52 week high of $12.87. The company has a market cap of $242.12 million, a PE ratio of 13.43 and a beta of 0.26.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its earnings results on Thursday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $3.36 million for the quarter. Chicago Atlantic BDC had a net margin of 33.72% and a return on equity of 5.80%. On average, equities analysts predict that Chicago Atlantic BDC will post 0.76 earnings per share for the current 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.