Tcg Bdc Inc (NASDAQ:CGBD) announced a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.37 per share on Wednesday, October 18th. This represents a $1.48 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date is Thursday, September 28th.
Shares of Tcg Bdc (NASDAQ:CGBD) traded up 0.22% during mid-day trading on Thursday, reaching $18.39. 68,860 shares of the company’s stock were exchanged. Tcg Bdc has a one year low of $17.61 and a one year high of $22.02. The stock has a 50-day moving average of $18.52 and a 200 day moving average of $18.49.
Several equities analysts have recently weighed in on CGBD shares. Bank of America Corporation started coverage on Tcg Bdc in a report on Monday, July 10th. They set a “buy” rating and a $19.00 price target for the company. Keefe, Bruyette & Woods started coverage on Tcg Bdc in a report on Monday, July 10th. They set an “outperform” rating and a $20.00 price target for the company. J P Morgan Chase & Co started coverage on Tcg Bdc in a report on Monday, July 10th. They set an “overweight” rating and a $19.00 price target for the company. Finally, Wells Fargo & Company started coverage on Tcg Bdc in a report on Monday, July 10th. They set an “outperform” rating and a $18.50 price target for the company.
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About Tcg Bdc
TCG BDC, Inc, formerly Carlyle GMS Finance, Inc, is a managed and non-diversified closed-end investment company. The Company is focused on lending to middle market companies. The Company’s investment objective is to generate current income and capital appreciation primarily through debt investments in the United States and middle market companies.
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