Chicago Atlantic BDC, Inc. (NASDAQ:LIEN – Get Free Report) declared a quarterly dividend on Thursday, August 13th. Investors of record on Friday, September 25th will be given a dividend of 0.34 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 14.4%. The ex-dividend date is Friday, September 25th.
Chicago Atlantic BDC Price Performance
LIEN traded down $0.26 on Thursday, hitting $9.44. The company had a trading volume of 71,194 shares, compared to its average volume of 71,726. Chicago Atlantic BDC has a 52-week low of $8.92 and a 52-week high of $11.44. The stock has a fifty day simple moving average of $9.78 and a 200-day simple moving average of $9.80. The firm has a market capitalization of $215.42 million, a P/E ratio of 6.29 and a beta of 0.28.
Chicago Atlantic BDC (NASDAQ:LIEN – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%.The firm had revenue of $13.97 million for the quarter, compared to analysts’ expectations of $16.23 million. Equities research analysts expect that Chicago Atlantic BDC will post 1.64 earnings per share for the current fiscal year.
Chicago Atlantic BDC Company Profile
Chicago Atlantic BDC (NASDAQ:LIEN) is a closed-end management investment company organized as a business development company (BDC). It focuses on providing debt and equity financing solutions to U.S. middle-market companies that demonstrate strong growth potential. Through its public listing, the company offers investors exposure to a diversified portfolio of private credit and equity investments aimed at delivering attractive risk-adjusted returns.
The company’s investment strategy centers on structuring customized credit facilities, including senior secured loans, unitranche loans, mezzanine debt and equity co-investments.
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