Carlyle Group Inc. (CG) To Go Ex-Dividend on August 17th

Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Friday, July 24th. Shareholders of record on Monday, August 17th will be given a dividend of 0.35 per share by the financial services provider on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, August 17th.

Carlyle Group has raised its dividend payment by an average of 0.1%per year 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 $5.16 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 27.1%.

Carlyle Group Stock Performance

CG opened at $49.28 on Friday. Carlyle Group has a twelve month low of $39.60 and a twelve month high of $69.85. The stock has a market cap of $17.56 billion, a PE ratio of 51.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.83. The business’s 50 day moving average is $45.31 and its 200-day moving average is $48.44. The company has a current ratio of 2.35, a quick ratio of 2.55 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $923.50 million. During the same period last year, the firm earned $0.87 EPS. The firm’s revenue was down 28.6% compared to the same quarter last year. On average, analysts predict that Carlyle Group will post 3.68 earnings per share for the current year.

Carlyle Group Company Profile

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.