Morgan Stanley Direct Lending (MSDL) to Issue Annual Dividend of $0.50 on April 25th

Morgan Stanley Direct Lending (NYSE:MSDL) declared an annual dividend on Thursday, February 29th, NASDAQ reports. Stockholders of record on Friday, March 29th will be paid a dividend of 0.50 per share on Thursday, April 25th. This represents a dividend yield of 2.5%. The ex-dividend date is Wednesday, March 27th.

Morgan Stanley Direct Lending Stock Down 1.0 %

NYSE:MSDL traded down $0.22 during trading hours on Monday, hitting $22.21. 49,987 shares of the company were exchanged, compared to its average volume of 180,236. The company has a market cap of $1.97 billion and a PE ratio of 7.05. Morgan Stanley Direct Lending has a one year low of $19.05 and a one year high of $22.97. The business’s fifty day moving average is $20.58.

Morgan Stanley Direct Lending (NYSE:MSDL) last announced its earnings results on Friday, March 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $100.80 million for the quarter, compared to the consensus estimate of $97.34 million.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Morgan Stanley Direct Lending in a research note on Tuesday, February 20th. They set a “neutral” rating and a $20.50 price target for the company. UBS Group began coverage on Morgan Stanley Direct Lending in a research note on Tuesday, February 20th. They set a “buy” rating and a $23.50 price target for the company. Wells Fargo & Company began coverage on shares of Morgan Stanley Direct Lending in a research report on Tuesday, February 20th. They set an “equal weight” rating and a $21.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Morgan Stanley Direct Lending in a report on Monday, March 4th. Finally, Keefe, Bruyette & Woods began coverage on shares of Morgan Stanley Direct Lending in a report on Tuesday, February 20th. They issued a “market perform” rating and a $21.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Morgan Stanley Direct Lending presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.