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

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) announced a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.40 per share on Friday, October 17th. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Tuesday, September 30th.

Carlyle Secured Lending has a dividend payout ratio of 85.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. 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 Performance

NASDAQ CGBD traded up $0.27 on Friday, reaching $13.93. 541,120 shares of the stock were exchanged, compared to its average volume of 465,577. Carlyle Secured Lending has a one year low of $13.12 and a one year high of $18.64. The firm has a market capitalization of $709.87 million, a PE ratio of 11.61 and a beta of 0.88. The company's 50-day simple moving average is $13.92 and its two-hundred day simple moving average is $15.24. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.09.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. Carlyle Secured Lending had a net margin of 29.71% and a return on equity of 9.85%. The company had revenue of $67.28 million for the quarter, compared to analysts' expectations of $67.53 million. Analysts expect that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

About Carlyle Secured Lending

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.