Carlyle Group Inc. (CG) To Go Ex-Dividend on November 10th

Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Thursday, October 23rd. Shareholders of record on Monday, November 10th will be paid a dividend of 0.35 per share by the financial services provider on Wednesday, November 19th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, November 10th.

Carlyle Group has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 4 years. Carlyle Group has a dividend payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Carlyle Group to earn $4.74 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 29.5%.

Carlyle Group Trading Down 0.1%

NASDAQ:CG traded down $0.06 during trading hours on Friday, hitting $52.43. 3,064,863 shares of the company were exchanged, compared to its average volume of 2,895,852. The company has a fifty day simple moving average of $61.07 and a 200 day simple moving average of $55.29. Carlyle Group has a one year low of $33.02 and a one year high of $69.85. The stock has a market capitalization of $18.96 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.22 and a beta of 2.01. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. The company had revenue of $782.50 million during the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%. Sell-side analysts expect that Carlyle Group will post 4.48 EPS for the current fiscal year.

Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.