Carlyle Secured Lending, Inc. Declares Quarterly Dividend of $0.35 (NASDAQ:CGBD)

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.35 per share on Thursday, July 16th. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Carlyle Secured Lending has decreased its dividend payment by an average of 0.0%per year over the last three years. Carlyle Secured Lending has a dividend payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Carlyle Secured Lending to earn $1.42 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 98.6%.

Carlyle Secured Lending Stock Performance

Shares of CGBD opened at $10.82 on Friday. Carlyle Secured Lending has a 1 year low of $10.48 and a 1 year high of $14.49. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.72 and a quick ratio of 1.72. The stock’s fifty day moving average price is $11.12 and its two-hundred day moving average price is $11.64. The firm has a market cap of $752.34 million, a PE ratio of 15.25 and a beta of 0.62.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Carlyle Secured Lending had a return on equity of 8.99% and a net margin of 19.52%.The company had revenue of $64.08 million during the quarter, compared to the consensus estimate of $65.78 million. On average, equities research analysts forecast that Carlyle Secured Lending will post 1.36 EPS for the current year.

Hedge Funds Weigh In On Carlyle Secured Lending

Several hedge funds have recently bought and sold shares of the company. Transcend Capital Advisors LLC lifted its stake in Carlyle Secured Lending by 2.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 29,451 shares of the company’s stock worth $368,000 after purchasing an additional 805 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Carlyle Secured Lending by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock worth $348,000 after buying an additional 857 shares in the last quarter. Advisory Research Inc. raised its position in shares of Carlyle Secured Lending by 9.2% in the third quarter. Advisory Research Inc. now owns 11,340 shares of the company’s stock worth $142,000 after buying an additional 953 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Carlyle Secured Lending by 71.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock valued at $36,000 after buying an additional 1,100 shares during the period. Finally, Sunbelt Securities Inc. grew its position in Carlyle Secured Lending by 3.3% during the fourth quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock worth $427,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.