The Carlyle Group Inc. (NASDAQ:CG) to Issue Quarterly Dividend of $0.35

The Carlyle Group Inc. (NASDAQ:CG) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.35 per share by the financial services provider on Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, February 21st.

The Carlyle Group has raised its dividend payment by an average of 11.9% per year over the last three years. The Carlyle Group has a dividend payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The Carlyle Group to earn $4.81 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 29.1%.

The Carlyle Group Trading Up 3.2 %

Shares of The Carlyle Group stock opened at $53.45 on Wednesday. The company has a market cap of $19.12 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 0.97 and a beta of 1.70. The Carlyle Group has a 1 year low of $36.65 and a 1 year high of $57.50. The company’s fifty day simple moving average is $52.69 and its 200-day simple moving average is $48.39. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, sell-side analysts expect that The Carlyle Group will post 4.48 EPS for the current year.

Wall Street Analyst Weigh In

CG has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Evercore ISI increased their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Oppenheimer upped their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. StockNews.com raised The Carlyle Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. increased their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $54.93.

About The Carlyle Group

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.