Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Announces Quarterly Dividend of $0.02

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Thursday, December 31st will be given a dividend of $0.02 per share on Thursday, January 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, December 31st. This is a 94.4% decrease from Nuveen Churchill Direct Lending’s previous quarterly dividend of $0.36.

Nuveen Churchill Direct Lending Trading Up 4.3%

Shares of NYSE NCDL traded up $0.49 on Tuesday, reaching $11.88. 500,054 shares of the company traded hands, compared to its average volume of 233,287. The stock has a market capitalization of $586.95 million, a PE ratio of 12.51 and a beta of 0.55. Nuveen Churchill Direct Lending has a fifty-two week low of $10.31 and a fifty-two week high of $15.07. The company has a 50 day moving average of $11.52 and a 200 day moving average of $12.74.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its earnings results on Tuesday, November 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Nuveen Churchill Direct Lending had a return on equity of 9.60% and a net margin of 24.44%. The company had revenue of $43.67 million during the quarter, compared to analyst estimates of $43.72 million. As a group, research analysts expect that Nuveen Churchill Direct Lending will post 1.60 earnings per share for the current year.

Nuveen Churchill Direct Lending News Summary

Here are the key news stories impacting Nuveen Churchill Direct Lending this week:

• Positive Sentiment: NCDL declared a quarterly distribution of $0.36 per share plus a $0.02 supplemental distribution, for a total of $0.38 per share. Distribution announcement
• Positive Sentiment: The company outlined plans to grow its joint venture to approximately $300 million over coming quarters, which could expand its lending capacity and provide room for future income growth. Joint venture plan
• Negative Sentiment: Third-quarter net investment income was $0.38 per share, one cent below the $0.39 consensus estimate. Revenue of $43.67 million also narrowly missed expectations of $43.72 million, a modest near-term disappointment. Third-quarter results

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) is a closed-end investment company that has elected to be regulated as a business development company. The company provides financing to privately owned, primarily U.S.-based middle-market businesses.

NCDL invests mainly in senior secured loans and other debt investments, with a focus on companies that may have limited access to traditional bank financing. Its portfolio may also include unitranche loans, subordinated debt and, to a lesser extent, equity or equity-related investments.