Chicago Atlantic BDC, Inc. Plans Quarterly Dividend of $0.34 (NASDAQ:LIEN)

Key Points

• Chicago Atlantic BDC, Inc. announced a quarterly dividend of $0.34 per share, with a yield of 13.1%, payable on October 10th to investors of record on September 29th.
• The company reported a quarterly earnings per share (EPS) of $0.34, surpassing analysts' expectations of $0.32.
• Chicago Atlantic BDC primarily invests in direct loans to privately held middle-market companies, focusing on the cannabis sector.

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Investors of record on Monday, September 29th will be paid a dividend of 0.34 per share on Friday, October 10th. This represents a c) dividend on an annualized basis and a yield of 13.1%.

Chicago Atlantic BDC Trading Up 1.3%

Shares of NASDAQ LIEN opened at $10.41 on Thursday. The firm has a market cap of $237.56 million, a PE ratio of 52.05 and a beta of 0.27. Chicago Atlantic BDC has a 1-year low of $9.70 and a 1-year high of $13.38. The company has a fifty day moving average price of $10.28 and a 200 day moving average price of $10.79.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. Chicago Atlantic BDC had a net margin of 4.83% and a return on equity of 0.98%. Equities research analysts forecast that Chicago Atlantic BDC will post 0.76 EPS for the current year.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.

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