Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) Stock Price Down 0.9% – Here’s What Happened

Shares of The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) were down 0.9% on Thursday . The company traded as low as $17.63 and last traded at $17.66. Approximately 22,121 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 23,904 shares. The stock had previously closed at $17.82.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Trading Up 0.2%

The stock has a fifty day moving average of $17.48 and a 200 day moving average of $17.87.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.2891 per share. This represents a $1.16 annualized dividend and a yield of 6.5%. The ex-dividend date is Friday, May 1st.

About Carlyle Group Inc. 4.625% Subordinated Notes due 2061

The Carlyle Group Inc 4.625% Subordinated Notes due 2061 (Nasdaq: CGABL) are unsecured, subordinated debt securities issued by The Carlyle Group Inc, a global alternative asset manager. These notes pay a fixed annual interest rate of 4.625%, with interest typically paid semi-annually. As subordinated obligations, they rank below the company’s senior debt but above its equity in the event of liquidation. The notes mature in 2061, at which point the principal amount is payable, unless earlier redeemed or repurchased by the issuer under the terms set forth in the offering documents.

The issuance of these subordinated notes is intended to support Carlyle’s ongoing capital needs, including general corporate purposes and potential growth initiatives across its various investment platforms.