Carlyle Group Inc. (CG) to Issue Quarterly Dividend of $0.35 on May 28th

Carlyle Group Inc. (NASDAQ:CG) announced a quarterly dividend on Friday, May 8th. Shareholders of record on Monday, May 18th will be paid a dividend of 0.35 per share by the financial services provider on Thursday, May 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, May 18th.

Carlyle Group has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Carlyle Group has a dividend payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Carlyle Group to earn $5.43 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 25.8%.

Carlyle Group Price Performance

Shares of CG opened at $50.63 on Friday. Carlyle Group has a 1-year low of $41.52 and a 1-year high of $69.85. The stock has a market cap of $18.29 billion, a PE ratio of 34.68, a P/E/G ratio of 1.12 and a beta of 1.89. The firm has a 50-day simple moving average of $48.97 and a two-hundred day simple moving average of $54.56. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.33.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The company had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. Carlyle Group’s revenue was down 28.0% on a year-over-year basis. As a group, analysts forecast that Carlyle Group will post 4.2 EPS for the current year.

Insider Buying and Selling at Carlyle Group

In related news, Director David M. Rubenstein sold 500,000 shares of Carlyle Group stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the transaction, the director owned 27,399,644 shares in the company, valued at approximately $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CG. Norges Bank acquired a new position in Carlyle Group during the 4th quarter worth approximately $288,257,000. State Street Corp grew its holdings in Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after acquiring an additional 1,720,483 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Carlyle Group during the 3rd quarter worth approximately $75,612,000. Vanguard Group Inc. grew its holdings in Carlyle Group by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after acquiring an additional 934,237 shares in the last quarter. Finally, Algebris UK Ltd. acquired a new position in Carlyle Group during the 4th quarter worth approximately $50,459,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.