Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) to Issue — Dividend of $0.10

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) announced a — dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Wednesday, February 12th will be paid a dividend of 0.10 per share on Monday, April 28th. This represents a yield of 10.3%. The ex-dividend date of this dividend is Wednesday, February 12th.

Nuveen Churchill Direct Lending Stock Performance

Nuveen Churchill Direct Lending stock opened at $17.51 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 2.28. Nuveen Churchill Direct Lending has a twelve month low of $16.00 and a twelve month high of $18.10. The business has a 50-day simple moving average of $17.40.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted 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. Nuveen Churchill Direct Lending had a net margin of 46.95% and a return on equity of 11.91%. The business had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.40 million. As a group, equities analysts forecast that Nuveen Churchill Direct Lending will post 2.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NCDL. Keefe, Bruyette & Woods began coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “market perform” rating and a $18.50 price objective for the company. Truist Financial initiated coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “buy” rating and a $19.00 target price for the company. JMP Securities reissued a “market outperform” rating and set a $18.50 price target on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, March 26th. UBS Group began coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, Bank of America started 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.50.

Nuveen Churchill Direct Lending Company Profile

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.