Carlyle Credit Income Fund (CCIF) to Issue Monthly Dividend of $0.11 on May 30th

Carlyle Credit Income Fund (NYSE:CCIF) declared a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Monday, May 19th will be paid a dividend of 0.105 per share on Friday, May 30th. This represents a $1.26 annualized dividend and a dividend yield of 16.36%. The ex-dividend date is Monday, May 19th.

Carlyle Credit Income Fund has raised its dividend payment by an average of 6.2% annually over the last three years.

Carlyle Credit Income Fund Stock Up 1.0 %

Shares of CCIF opened at $7.70 on Friday. Carlyle Credit Income Fund has a 12-month low of $7.54 and a 12-month high of $8.80. The stock’s fifty day simple moving average is $7.82 and its 200-day simple moving average is $8.14.

Carlyle Credit Income Fund (NYSE:CCIF) last released its earnings results on Wednesday, February 26th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.14. The company had revenue of $8.27 million during the quarter, compared to analyst estimates of $8.22 million.

Insider Buying and Selling at Carlyle Credit Income Fund

In related news, Director Joan Y. Mccabe purchased 18,079 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of $8.02 per share, for a total transaction of $144,993.58. Following the completion of the purchase, the director now directly owns 30,358 shares in the company, valued at $243,471.16. This trade represents a 147.24 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer assumed coverage on Carlyle Credit Income Fund in a research report on Monday, December 9th. They set a “market perform” rating and a $8.00 price target on the stock.

About Carlyle Credit Income Fund

Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC. The fund is co – managed by Behringer Advisors, LLC. The Fund invests mainly in fixed-income securities. The fund invests in stocks of companies operating across diversified sectors.