Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Plans Quarterly Dividend of $0.40

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Investors of record on Monday, March 24th will be given a dividend of 0.40 per share on Thursday, April 17th. This represents a $1.60 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date of this dividend is Monday, March 24th.

Carlyle Secured Lending has a dividend payout ratio of 85.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Carlyle Secured Lending to earn $1.74 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 92.0%.

Carlyle Secured Lending Stock Performance

NASDAQ:CGBD opened at $17.86 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $909.18 million, a price-to-earnings ratio of 9.98 and a beta of 1.57. The company’s 50-day moving average is $18.06 and its two-hundred day moving average is $17.41. Carlyle Secured Lending has a 1-year low of $15.01 and a 1-year high of $18.74.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Bank of America lowered shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price on the stock. in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Monday, February 3rd.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.