Nuveen Churchill Direct Lending Corp. (NCDL) to Issue Quarterly Dividend of $0.36 on April 28th

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.36 per share on Tuesday, April 28th. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

Nuveen Churchill Direct Lending Stock Down 3.6%

Shares of NCDL opened at $12.88 on Friday. The company has a market capitalization of $636.14 million, a price-to-earnings ratio of 9.83 and a beta of 0.40. Nuveen Churchill Direct Lending has a 52 week low of $12.76 and a 52 week high of $17.72. The stock’s 50-day moving average price is $13.60 and its 200-day moving average price is $14.35. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.25.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $26.36 million during the quarter, compared to the consensus estimate of $49.60 million. Nuveen Churchill Direct Lending had a return on equity of 10.41% and a net margin of 31.57%. On average, sell-side analysts predict that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Nuveen Churchill Direct Lending from $16.00 to $15.00 and set a “market perform” rating for the company in a research report on Friday. Wells Fargo & Company dropped their target price on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Finally, Zacks Research raised Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.50.

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.