Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Announces $0.10 -- Dividend

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) declared a -- dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Wednesday, February 12th will be given a dividend of 0.10 per share on Monday, April 28th. This represents a dividend yield of 10.3%. The ex-dividend date of this dividend is Wednesday, February 12th.

Nuveen Churchill Direct Lending Trading Down 0.1 %

Nuveen Churchill Direct Lending stock traded down $0.01 during trading on Tuesday, hitting $17.55. 42,600 shares of the company were exchanged, compared to its average volume of 63,234. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26. The firm has a 50 day simple moving average of $17.38. Nuveen Churchill Direct Lending has a 52 week low of $16.00 and a 52 week high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. Nuveen Churchill Direct Lending had a net margin of 46.95% and a return on equity of 11.91%. The firm had revenue of $48.95 million during the quarter, compared to analyst estimates of $48.40 million. On average, sell-side analysts anticipate that Nuveen Churchill Direct Lending will post 2.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank of America started coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a "buy" rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods initiated coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a "market perform" rating and a $18.50 target price for the company. UBS Group assumed coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a "neutral" rating and a $18.00 price target on the stock. JMP Securities restated a "market outperform" rating and set a $18.50 price objective on shares of Nuveen Churchill Direct Lending in a report on Tuesday, March 26th. Finally, Truist Financial began coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a "buy" rating and a $19.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.50.

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.