Carlyle Secured Lending, Inc. Declares Quarterly Dividend of $0.40 (NASDAQ:CGBD)

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.40 per share on Thursday, April 16th. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

Carlyle Secured Lending has raised its dividend by an average of 0.0%per year over the last three years. Carlyle Secured Lending has a payout ratio of 85.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Carlyle Secured Lending to earn $1.74 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 92.0%.

Carlyle Secured Lending Trading Down 0.7%

CGBD stock traded down $0.08 during midday trading on Wednesday, reaching $11.37. 1,056,571 shares of the company’s stock traded hands, compared to its average volume of 562,155. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.90. Carlyle Secured Lending has a fifty-two week low of $10.87 and a fifty-two week high of $18.40. The business has a 50-day moving average price of $12.37 and a two-hundred day moving average price of $12.71. The company has a market capitalization of $579.26 million, a P/E ratio of 9.64 and a beta of 0.70.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%.The company had revenue of $66.91 million for the quarter, compared to analyst estimates of $67.26 million. Equities research analysts forecast that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CGBD shares. Wall Street Zen upgraded Carlyle Secured Lending from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. JPMorgan Chase & Co. decreased their target price on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company lowered their price target on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Zacks Research upgraded shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Citigroup started coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.80.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.