Carlyle Group Inc. (NASDAQ:CG) Declares $0.35 Quarterly Dividend

Carlyle Group Inc. (NASDAQ:CG) announced a quarterly dividend on Friday, May 8th. Investors of record on Monday, May 18th will be given a dividend of 0.35 per share by the financial services provider on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, May 18th.

Carlyle Group has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Carlyle Group has a dividend payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Carlyle Group to earn $5.45 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 25.7%.

Carlyle Group Trading Up 3.3%

Shares of Carlyle Group stock opened at $50.63 on Friday. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.09 and a beta of 1.89. Carlyle Group has a fifty-two week low of $41.52 and a fifty-two week high of $69.85. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.33 and a current ratio of 2.55. The stock has a 50 day moving average of $48.97 and a 200 day moving average of $54.56.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business had revenue of $750.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The company’s revenue was down 28.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. As a group, research analysts predict that Carlyle Group will post 4.3 earnings per share for the current year.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.