GCM Grosvenor Inc. (NASDAQ:GCMG) Plans $0.12 Quarterly Dividend

GCM Grosvenor Inc. (NASDAQ:GCMG) declared a quarterly dividend on Monday, August 10th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.12 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st.

GCM Grosvenor has a dividend payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect GCM Grosvenor to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 57.1%.

GCM Grosvenor Trading Up 1.8%

GCM Grosvenor stock traded up $0.24 during mid-day trading on Monday, hitting $13.82. The company’s stock had a trading volume of 463,698 shares, compared to its average volume of 558,729. The business has a 50 day moving average price of $12.36 and a 200-day moving average price of $11.36. The company has a debt-to-equity ratio of 2.97, a current ratio of 4.05 and a quick ratio of 4.05. GCM Grosvenor has a 12 month low of $9.30 and a 12 month high of $14.38. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 30.71 and a beta of 0.84.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $124.78 million for the quarter, compared to analysts’ expectations of $130.13 million. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%. As a group, analysts forecast that GCM Grosvenor will post 0.66 EPS for the current year.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.