Carlyle Group Inc. (NASDAQ:CG) Shares Set to Pay Quarterly Dividend of $0.35

Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be given a dividend of $0.35 per share by the financial services provider on Monday, November 23rd. This represents a $1.40 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, November 16th.

Carlyle Group has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 4 years. Carlyle Group has a payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carlyle Group to earn $5.10 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 27.5%.

Carlyle Group Stock Performance

NASDAQ CG traded down $0.21 during midday trading on Friday, hitting $39.75. The company had a trading volume of 1,162,833 shares, compared to its average volume of 3,405,292. The firm has a fifty day simple moving average of $40.83 and a two-hundred day simple moving average of $46.86. Carlyle Group has a fifty-two week low of $35.41 and a fifty-two week high of $67.30. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 41.38, a P/E/G ratio of 1.37 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last released 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 business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The firm’s revenue was down 28.6% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. Equities analysts forecast that Carlyle Group will post 3.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CG. Weiss Ratings lowered shares of Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Barclays lowered their price objective on Carlyle Group from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday. BMO Capital Markets reduced their price target on Carlyle Group from $56.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Monday, October 26th. Finally, Royal Bank Of Canada dropped their target price on shares of Carlyle Group from $58.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, October 5th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.00.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.