Nuveen Churchill Direct Lending Corp. Announces Quarterly Dividend of $0.36 (NYSE:NCDL)

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) announced a quarterly dividend on Thursday, August 6th. Investors of record on Wednesday, September 30th will be given a dividend of 0.36 per share on Tuesday, October 27th. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Nuveen Churchill Direct Lending Stock Up 0.4%

NYSE NCDL traded up $0.04 on Thursday, hitting $12.54. The company’s stock had a trading volume of 144,624 shares, compared to its average volume of 231,791. The company’s 50-day moving average is $12.62 and its 200 day moving average is $13.19. The firm has a market cap of $619.60 million, a PE ratio of 10.45 and a beta of 0.51. Nuveen Churchill Direct Lending has a 1-year low of $11.97 and a 1-year high of $16.37.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.32). The business had revenue of $11.14 million for the quarter, compared to analyst estimates of $46.72 million. Nuveen Churchill Direct Lending had a return on equity of 9.80% and a net margin of 29.56%. On average, equities analysts expect that Nuveen Churchill Direct Lending will post 1.6 EPS for the current year.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending (NYSE:NCDL) is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.