Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Announces Quarterly Dividend of $0.36

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.36 per share on Tuesday, July 28th. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

Nuveen Churchill Direct Lending Stock Performance

Shares of NCDL traded down $0.62 on Thursday, reaching $14.03. 147,882 shares of the stock traded hands, compared to its average volume of 248,991. The stock's 50-day moving average price is $13.53 and its 200-day moving average price is $13.85. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $693.04 million, a price-to-earnings ratio of 10.71 and a beta of 0.63. Nuveen Churchill Direct Lending has a 12 month low of $12.43 and a 12 month high of $17.27.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24). Nuveen Churchill Direct Lending had a return on equity of 10.48% and a net margin of 31.57%.The firm had revenue of $17.15 million during the quarter, compared to the consensus estimate of $47.79 million. Equities analysts forecast that Nuveen Churchill Direct Lending will post 1.66 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending NYSE: NCDL is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.

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