Carlyle Secured Lending, Inc. (NASDAQ:CGBD) to Issue $0.40 Quarterly Dividend

Key Points

• Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has declared a quarterly dividend of $0.40 per share, with an ex-dividend date of September 30th and payment scheduled for October 17th.
• The company currently has a payout ratio of 85.1%, suggesting that its dividend is covered by earnings, but future earnings declines could jeopardize this.
• CGBD's stock price has decreased by 1.0%, reaching $13.60, and the company reported earnings of $0.41 per share for the last quarter, missing analyst estimates.

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.40 per share on Friday, October 17th. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Tuesday, September 30th.

Carlyle Secured Lending has a payout ratio of 85.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Equities research analysts expect Carlyle Secured Lending to earn $1.74 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 92.0%.

Carlyle Secured Lending Stock Down 1.0%

CGBD traded down $0.14 on Wednesday, reaching $13.60. The company's stock had a trading volume of 671,143 shares, compared to its average volume of 345,815. The stock has a market cap of $693.06 million, a price-to-earnings ratio of 10.07 and a beta of 0.88. Carlyle Secured Lending has a 1 year low of $13.12 and a 1 year high of $18.64. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.55 and a quick ratio of 3.55. The business's 50 day moving average is $13.94 and its 200 day moving average is $15.36.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). Carlyle Secured Lending had a return on equity of 10.49% and a net margin of 32.72%. The firm had revenue of $54.60 million for the quarter, compared to the consensus estimate of $55.50 million. As a group, research analysts forecast that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.

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