Carlyle Group Inc. (NASDAQ:CG) Announces $0.35 Quarterly Dividend

Key Points

• Carlyle declared a $0.35 quarterly dividend payable May 28 to holders of record on May 18, equal to a $1.40 annualized payout (2.8% yield) with a 30% payout ratio and four straight years of annual increases.
• Q1 results missed expectations: Carlyle reported $0.89 EPS versus a $0.91 consensus and revenue of $750.9M (vs. $1.01B expected), with revenue down 28% year-over-year.
• Insider selling: Director David M. Rubenstein sold 500,000 shares in March for about $23.34M, though corporate insiders still own roughly 26.3% of the company.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) declared a quarterly dividend on Friday, May 8th. Investors of record on Monday, May 18th will be given a dividend of 0.35 per share by the financial services provider on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, May 18th.

Carlyle Group has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Carlyle Group has a payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Carlyle Group to earn $5.45 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 25.7%.

Carlyle Group Price Performance

Shares of Carlyle Group stock traded up $1.36 during midday trading on Friday, hitting $50.37. 2,680,374 shares of the company were exchanged, compared to its average volume of 3,236,705. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. The firm has a market cap of $18.19 billion, a P/E ratio of 23.08, a PEG ratio of 1.12 and a beta of 1.89. Carlyle Group has a 52 week low of $41.52 and a 52 week high of $69.85. The firm has a 50 day simple moving average of $48.97 and a 200-day simple moving average of $54.56.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.02). The business had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.Carlyle Group's revenue for the quarter was down 28.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. Research analysts forecast that Carlyle Group will post 4.3 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David M. Rubenstein sold 500,000 shares of the company's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the sale, the director owned 27,399,644 shares in the company, valued at approximately $1,279,015,381.92. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 26.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oslo Pensjonsforsikring AS acquired a new position in Carlyle Group in the first quarter valued at about $58,000. Cassaday & Co Wealth Management LLC grew its stake in Carlyle Group by 55.9% in the first quarter. Cassaday & Co Wealth Management LLC now owns 8,363 shares of the financial services provider's stock valued at $405,000 after acquiring an additional 3,000 shares during the period. SEB Asset Management AB acquired a new position in Carlyle Group in the first quarter valued at about $2,441,000. Main Street Group LTD acquired a new position in Carlyle Group in the first quarter valued at about $27,000. Finally, Independent Financial Group LLC acquired a new position in Carlyle Group in the first quarter valued at about $206,000. 55.88% of the stock is owned by institutional investors and hedge funds.

About Carlyle Group

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.

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