The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 28,446 shares, an increase of 298.0% from the June 15th total of 7,148 shares. Based on an average daily trading volume, of 33,706 shares, the short-interest ratio is presently 0.8 days.
Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Stock Performance
CGABL stock traded down $0.12 during midday trading on Tuesday, reaching $16.23. The company had a trading volume of 2,933 shares, compared to its average volume of 25,955. The stock has a 50 day moving average price of $16.48 and a 200 day moving average price of $17.11. Carlyle Group Inc. 4.625% Subordinated Notes due 2061 has a fifty-two week low of $16.04 and a fifty-two week high of $18.80.
Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, November 15th. Investors of record on Sunday, November 1st will be paid a dividend of $0.2891 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, October 30th.
Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Company Profile
The Carlyle Group Inc 4.625% Subordinated Notes due 2061 (Nasdaq: CGABL) are unsecured, subordinated debt securities issued by The Carlyle Group Inc, a global alternative asset manager. These notes pay a fixed annual interest rate of 4.625%, with interest typically paid semi-annually. As subordinated obligations, they rank below the company’s senior debt but above its equity in the event of liquidation. The notes mature in 2061, at which point the principal amount is payable, unless earlier redeemed or repurchased by the issuer under the terms set forth in the offering documents.
The issuance of these subordinated notes is intended to support Carlyle’s ongoing capital needs, including general corporate purposes and potential growth initiatives across its various investment platforms.
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