Morgan Stanley Direct Lending Fund (NYSE:MSDL) Announces Quarterly Dividend of $0.50

Key Points

• Morgan Stanley Direct Lending Fund announced a quarterly dividend of $0.50 per share, set to be paid on October 24th to investors on record as of September 30th, providing an annualized yield of 11.2%.
• Shares of the fund recently traded down to $17.88, with a market capitalization of $1.57 billion and a recent earnings report indicating an EPS of $0.50, missing estimates by $0.02.
• Multiple analysts have adjusted their price targets for the fund, with an average target of $20.10 and ratings ranging from "hold" to "outperform."

Morgan Stanley Direct Lending Fund (NYSE:MSDL - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.50 per share on Friday, October 24th. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend is Tuesday, September 30th.

Morgan Stanley Direct Lending Fund Price Performance

NYSE MSDL traded down $0.05 during mid-day trading on Wednesday, hitting $17.70. The stock had a trading volume of 314,955 shares, compared to its average volume of 567,199. Morgan Stanley Direct Lending Fund has a 52-week low of $17.37 and a 52-week high of $21.75. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 9.17 and a beta of 0.34. The company has a 50 day simple moving average of $19.12 and a 200 day simple moving average of $19.65. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.15.

Morgan Stanley Direct Lending Fund (NYSE:MSDL - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $99.51 million for the quarter, compared to analysts' expectations of $99.99 million. Morgan Stanley Direct Lending Fund had a return on equity of 11.24% and a net margin of 42.65%. Equities analysts forecast that Morgan Stanley Direct Lending Fund will post 2.56 EPS for the current fiscal year.

About Morgan Stanley Direct Lending Fund

Morgan Stanley Direct Lending Fund is a business development company. It is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. Morgan Stanley Direct Lending Fund is based in NEW YORK.