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

Key Points

• Carlyle Group declared a quarterly dividend of $0.35 per share, payable November 23 to shareholders of record November 16. The annualized dividend is $1.40, yielding about 3.5%.
• The dividend appears well covered: Carlyle’s payout ratio is 30%, and analysts’ next-year earnings estimate implies a projected payout ratio of 27.5%. The company has raised its dividend for four consecutive years.
• Analysts’ consensus rating is Hold, with an average price target of $52.36; shares traded at $39.75 in the reported session.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Monday, November 16th will be given a dividend of $0.35 per share by the financial services provider on Monday, November 23rd. This represents a $1.40 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, November 16th.

Carlyle Group has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Carlyle Group has a dividend payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Carlyle Group to earn $5.10 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 27.5%.

Carlyle Group Stock Performance

Shares of CG traded down $0.21 during mid-day trading on Friday, reaching $39.75. The company's stock had a trading volume of 1,067,055 shares, compared to its average volume of 3,404,119. Carlyle Group has a 1-year low of $35.41 and a 1-year high of $67.30. The stock has a market cap of $14.16 billion, a P/E ratio of 41.42, a PEG ratio of 1.37 and a beta of 1.84. The business has a 50-day simple moving average of $40.83 and a two-hundred day simple moving average of $46.86. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. During the same period in the previous year, the company posted $0.87 EPS. The firm's revenue for the quarter was down 28.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Carlyle Group will post 3.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Carlyle Group from a "hold" rating to a "sell" rating in a report on Monday, October 26th. Barclays decreased their price objective on shares of Carlyle Group from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Thursday, October 8th. Wells Fargo & Company assumed coverage on shares of Carlyle Group in a research report on Friday, October 2nd. They issued an "equal weight" rating and a $43.00 price objective on the stock. UBS Group cut their target price on shares of Carlyle Group from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, October 13th. Finally, Royal Bank Of Canada decreased their price target on shares of Carlyle Group from $58.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Monday, October 5th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $52.36.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle's investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.

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