GCM Grosvenor Inc. (NASDAQ:GCMG) to Issue Quarterly Dividend of $0.12

GCM Grosvenor Inc. (NASDAQ:GCMG) announced a quarterly dividend on Monday, November 9th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.12 per share on Tuesday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, December 1st.

GCM Grosvenor has a dividend payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect GCM Grosvenor to earn $0.86 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 55.8%.

GCM Grosvenor Price Performance

Shares of NASDAQ GCMG traded up $0.79 during midday trading on Monday, reaching $13.45. 417,604 shares of the stock traded hands, compared to its average volume of 527,001. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.89 and a quick ratio of 1.89. GCM Grosvenor has a one year low of $9.30 and a one year high of $14.87. The company’s 50 day moving average is $12.87 and its 200 day moving average is $11.90. The stock has a market capitalization of $2.73 billion, a PE ratio of 25.87 and a beta of 0.91.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $145.55 million for the quarter, compared to the consensus estimate of $141.60 million. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%. On average, equities research analysts anticipate that GCM Grosvenor will post 0.69 earnings per share for the current year.

GCM Grosvenor Company Profile

GCM Grosvenor is an alternative asset management firm that provides investment solutions across private markets and hedge fund strategies. Its offerings include private equity, infrastructure, real estate and credit investments, as well as customized portfolios and multi-manager strategies.

The firm invests on behalf of institutional investors and other clients through primary investments, co-investments and secondary-market transactions. Its activities span global markets, with offices in North America, Europe and Asia.

Founded in 1971, the firm traces its roots to Grosvenor Capital Management.