Carlyle Group Inc. (NASDAQ:CG) Plans $0.35 Quarterly Dividend

Carlyle Group Inc. (NASDAQ:CG) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 17th will be paid a dividend of 0.35 per share by the financial services provider on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 17th.

Carlyle Group has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Carlyle Group has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Carlyle Group to earn $5.18 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 27.0%.

Carlyle Group Stock Down 2.4%

Shares of NASDAQ:CG traded down $1.20 during trading on Thursday, reaching $48.64. The stock had a trading volume of 2,321,987 shares, compared to its average volume of 3,335,707. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $17.51 billion, a P/E ratio of 33.29, a PEG ratio of 1.78 and a beta of 1.83. The firm’s 50-day simple moving average is $44.67 and its 200 day simple moving average is $49.04. Carlyle Group has a one year low of $39.60 and a one year high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.16. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. Carlyle Group’s revenue was down 28.6% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. As a group, research analysts expect that Carlyle Group will post 3.71 EPS for the current fiscal year.

Carlyle Group News Roundup

Here are the key news stories impacting Carlyle Group this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. Carlyle reported adjusted earnings of $1.07 per share versus the $0.91 consensus estimate, while revenue of $1.11 billion surpassed expectations of approximately $923.5 million. Performance revenues and higher assets under management supported the results. Carlyle Q2 Earnings Beat Estimates on Higher AUM, Expenses Rise Y/Y
• Positive Sentiment: Fundraising and distributable earnings remained strong. Carlyle raised $17 billion and said private credit and private-equity demand could accelerate into a new fundraising cycle. The firm also reported its highest distributable earnings in nearly four years and plans to launch a new round of flagship vehicles. Carlyle Raises $17 Billion, Sees Private Credit, PE Growth Accelerating into Fundraising Supercycle
• Positive Sentiment: Analysts raised their price targets. Citizens JMP increased its target from $70 to $73 and maintained an outperform rating, while Keefe, Bruyette & Woods raised its target from $47 to $50, although it retained a market-perform rating.
• Neutral Sentiment: Management cited continued exit activity and opportunities in AI and data security. CFO Justin Plouffe said Carlyle has maintained a strong pace of realizations across major regions, but described the private-credit environment as challenging. Carlyle CFO Plouffe on M&A Market, Private Credit and AI
• Negative Sentiment: Year-over-year revenue declined 28.6% and expenses increased. Despite the quarterly beat, the revenue contraction and rising costs may raise concerns about the durability of performance-related income and operating leverage.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.