Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Declares Quarterly Dividend of $0.45

Key Points

• Nuveen Churchill Direct Lending Corp. declared a quarterly dividend of $0.45, with a dividend yield of 11.2%, set to be paid on October 28th to shareholders of record as of September 30th.
• During mid-day trading, shares of NCDL decreased by 0.1% to $16.04, with a market capitalization of $806.49 million and a PE ratio of 8.58.
• Analyst ratings for NCDL vary, with four analysts giving it a "hold" rating and one a buy rating, showing mixed sentiments regarding the stock's potential performance.

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.45 per share on Tuesday, October 28th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Tuesday, September 30th.

Nuveen Churchill Direct Lending Trading Down 0.1%

Shares of NYSE:NCDL traded down $0.02 during mid-day trading on Thursday, hitting $16.04. The company had a trading volume of 113,730 shares, compared to its average volume of 250,123. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $806.49 million, a PE ratio of 8.58 and a beta of 0.48. The firm has a fifty day moving average price of $16.49 and a 200 day moving average price of $16.50. Nuveen Churchill Direct Lending has a one year low of $14.21 and a one year high of $18.01.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). The firm had revenue of $53.59 million during the quarter, compared to the consensus estimate of $56.01 million. Nuveen Churchill Direct Lending had a return on equity of 12.42% and a net margin of 44.83%. As a group, research analysts forecast that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.

Wall Street Analyst Weigh In

NCDL has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Nuveen Churchill Direct Lending from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Wells Fargo & Company reduced their price target on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 13th. JMP Securities decreased their price target on shares of Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a "market outperform" rating for the company in a research note on Tuesday, June 24th. Finally, UBS Group upped their price objective on shares of Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $16.63.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.

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