Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Plans $0.34 Quarterly Dividend

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Friday, June 26th will be paid a dividend of 0.34 per share on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, June 26th.

Chicago Atlantic BDC Price Performance

Shares of LIEN opened at $9.83 on Friday. The stock has a market capitalization of $224.32 million, a price-to-earnings ratio of 12.29 and a beta of 0.25. Chicago Atlantic BDC has a 1 year low of $8.92 and a 1 year high of $11.44. The business’s 50 day simple moving average is $9.54 and its 200-day simple moving average is $10.13.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.08. The company had revenue of $16.70 million for the quarter, compared to analysts’ expectations of $14.31 million. Chicago Atlantic BDC had a net margin of 33.24% and a return on equity of 5.88%. On average, sell-side analysts expect that Chicago Atlantic BDC will post 1.49 earnings per share for the current year.

About Chicago Atlantic BDC

Chicago Atlantic BDC (NASDAQ:LIEN) is a closed-end management investment company organized as a business development company (BDC). It focuses on providing debt and equity financing solutions to U.S. middle-market companies that demonstrate strong growth potential. Through its public listing, the company offers investors exposure to a diversified portfolio of private credit and equity investments aimed at delivering attractive risk-adjusted returns.

The company’s investment strategy centers on structuring customized credit facilities, including senior secured loans, unitranche loans, mezzanine debt and equity co-investments.