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

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) announced a dividend on Wednesday, January 10th, NASDAQ reports. Investors of record on Monday, May 13th will be paid a dividend of 0.10 per share on Sunday, July 28th. The ex-dividend date of this dividend is Friday, May 10th.

Nuveen Churchill Direct Lending Stock Down 0.3 %

NYSE:NCDL traded down $0.05 during mid-day trading on Wednesday, hitting $17.49. 16,343 shares of the company’s stock were exchanged, compared to its average volume of 62,554. The stock’s 50 day moving average is $17.38. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28. Nuveen Churchill Direct Lending has a fifty-two week low of $16.00 and a fifty-two week high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its earnings results on Tuesday, February 27th. The company reported $0.66 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 business had revenue of $48.95 million for the quarter, compared to the consensus estimate of $48.40 million. On average, research analysts anticipate that Nuveen Churchill Direct Lending will post 2.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NCDL. JMP Securities reiterated a “market outperform” rating and set a $18.50 target price on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods began coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “market perform” rating and a $18.50 price target on the stock. UBS Group began coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 price target on the stock. Bank of America began coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Truist Financial began coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “buy” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.50.

About Nuveen Churchill Direct Lending

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.