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

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) announced a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.34 per share on Friday, April 11th. This represents a $1.36 dividend on an annualized basis and a yield of 12.02%. The ex-dividend date is Friday, March 28th.

Chicago Atlantic BDC Trading Down 0.4 %

Shares of LIEN stock opened at $11.31 on Wednesday. Chicago Atlantic BDC has a 12 month low of $8.38 and a 12 month high of $13.38. The firm has a market capitalization of $70.29 million, a price-to-earnings ratio of 17.14 and a beta of 0.24. The stock’s 50 day simple moving average is $11.65.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.