Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Announces $0.10 — Dividend

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) declared a — dividend on Tuesday, February 27th, Wall Street Journal reports. Shareholders of record on Saturday, March 30th will be given a dividend of 0.10 per share on Monday, April 29th. This represents a yield of 10.6%. The ex-dividend date of this dividend is Wednesday, March 27th.

Nuveen Churchill Direct Lending Trading Down 1.1 %

NCDL opened at $17.69 on Tuesday. Nuveen Churchill Direct Lending has a 12-month low of $16.00 and a 12-month high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The firm had revenue of $48.95 million during the quarter, compared to analyst estimates of $48.40 million. On average, research analysts expect that Nuveen Churchill Direct Lending will post 2.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NCDL has been the topic of a number of recent analyst reports. Truist Financial initiated coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “buy” rating and a $19.00 target price on the stock. JMP Securities reissued a “market outperform” rating and issued a $18.50 target price on shares of Nuveen Churchill Direct Lending in a research report on Tuesday. Bank of America began coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “buy” rating and a $19.00 price target on the stock. UBS Group started coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “market perform” rating and a $18.50 target price on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Nuveen Churchill Direct Lending has an average rating of “Moderate Buy” and a consensus price target of $18.50.

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.