The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 21,162 shares, an increase of 324.1% from the July 15th total of 4,990 shares. Based on an average daily trading volume, of 15,355 shares, the short-interest ratio is currently 1.4 days.
Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Price Performance
Shares of CGABL traded down $0.14 during mid-day trading on Friday, reaching $16.14. 3,942 shares of the company were exchanged, compared to its average volume of 24,382. The business has a 50 day simple moving average of $16.29 and a two-hundred day simple moving average of $16.92. Carlyle Group Inc. 4.625% Subordinated Notes due 2061 has a 52 week low of $16.01 and a 52 week high of $18.80.
Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, November 15th. Shareholders of record on Sunday, November 1st will be issued a dividend of $0.2891 per share. The ex-dividend date is Friday, October 30th. This represents a $1.16 annualized dividend and a yield of 7.2%.
About Carlyle Group Inc. 4.625% Subordinated Notes due 2061
The Carlyle Group Inc 4.625% Subordinated Notes due 2061 (Nasdaq: CGABL) are unsecured, subordinated debt securities issued by The Carlyle Group Inc, a global alternative asset manager. These notes pay a fixed annual interest rate of 4.625%, with interest typically paid semi-annually. As subordinated obligations, they rank below the company’s senior debt but above its equity in the event of liquidation. The notes mature in 2061, at which point the principal amount is payable, unless earlier redeemed or repurchased by the issuer under the terms set forth in the offering documents.
The issuance of these subordinated notes is intended to support Carlyle’s ongoing capital needs, including general corporate purposes and potential growth initiatives across its various investment platforms.
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