Chicago Atlantic BDC, Inc. (LIEN) to Issue Quarterly Dividend of $0.34 on July 10th

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) declared a quarterly dividend on Tuesday, May 12th. Shareholders of record on Friday, June 26th will be paid a dividend of 0.34 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Friday, June 26th.

Chicago Atlantic BDC Stock Performance

LIEN opened at $10.38 on Wednesday. The company has a fifty day moving average price of $9.69 and a two-hundred day moving average price of $10.02. Chicago Atlantic BDC has a 52 week low of $8.92 and a 52 week high of $11.44. The firm has a market capitalization of $236.87 million, a PE ratio of 6.92 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%.The company had revenue of $16.70 million for the quarter, compared to the consensus estimate of $14.31 million. Equities analysts forecast that Chicago Atlantic BDC will post 1.64 EPS 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.