Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) to Issue Dividend of $0.10

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) announced a dividend on Wednesday, January 10th, NASDAQ reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.10 per share on Sunday, July 28th. The ex-dividend date of this dividend is Friday, May 10th.

Nuveen Churchill Direct Lending Stock Performance

Shares of NCDL traded up $0.11 on Wednesday, reaching $17.65. The company’s stock had a trading volume of 6,142 shares, compared to its average volume of 62,426. Nuveen Churchill Direct Lending has a 12-month low of $16.00 and a 12-month high of $18.10. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average price is $17.38.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. Nuveen Churchill Direct Lending had a net margin of 46.95% and a return on equity of 11.91%. The business had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.40 million. On average, equities research analysts predict that Nuveen Churchill Direct Lending will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NCDL. Keefe, Bruyette & Woods started coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “market perform” rating and a $18.50 price objective on the stock. Wells Fargo & Company assumed coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued an “equal weight” rating and a $18.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $18.50 target price on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, March 26th. UBS Group initiated coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 price target on the stock. Finally, Truist Financial assumed coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “buy” rating and a $19.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.