GCM Grosvenor Inc. (NASDAQ:GCMG) Announces $0.12 Quarterly Dividend

GCM Grosvenor Inc. (NASDAQ:GCMG) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, June 5th will be paid a dividend of 0.12 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, June 5th.

GCM Grosvenor has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect GCM Grosvenor to earn $0.85 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 56.5%.

GCM Grosvenor Stock Performance

Shares of GCM Grosvenor stock opened at $10.51 on Wednesday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 23.36 and a beta of 0.85. The stock’s 50-day moving average is $10.47 and its 200-day moving average is $10.99. GCM Grosvenor has a one year low of $9.30 and a one year high of $13.22. The company has a debt-to-equity ratio of 2.97, a current ratio of 4.05 and a quick ratio of 4.05.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%.The firm had revenue of $124.78 million during the quarter, compared to analysts’ expectations of $130.13 million. Equities analysts predict that GCM Grosvenor will post 0.67 earnings per share for the current fiscal year.

GCM Grosvenor Company Profile

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi?strategy hedge fund products. Through its multi?manager platforms and direct co?investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.