Carlyle Credit Income Fund Announces Monthly Dividend of $0.11 (NYSE:CCIF)

Carlyle Credit Income Fund (NYSE:CCIF) announced a monthly dividend on Wednesday, February 26th, NASDAQ Dividends reports. Shareholders of record on Wednesday, March 19th will be paid a dividend of 0.105 per share on Monday, March 31st. This represents a $1.26 annualized dividend and a yield of 16.48%. The ex-dividend date is Wednesday, March 19th.

Carlyle Credit Income Fund has increased its dividend payment by an average of 6.2% per year over the last three years.

Carlyle Credit Income Fund Price Performance

Carlyle Credit Income Fund stock traded down $0.01 during trading hours on Thursday, hitting $7.65. 241,014 shares of the stock were exchanged, compared to its average volume of 156,537. Carlyle Credit Income Fund has a 12 month low of $7.54 and a 12 month high of $8.80. The business’s 50-day moving average is $7.82 and its two-hundred day moving average is $8.14.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.14. The firm had revenue of $8.27 million for the quarter, compared to the consensus estimate of $8.22 million.

Insider Activity

In other news, Director Joan Y. Mccabe acquired 18,079 shares of Carlyle Credit Income Fund stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of $8.02 per share, with a total value of $144,993.58. Following the purchase, the director now owns 30,358 shares in the company, valued at $243,471.16. This trade represents a 147.24 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Separately, Oppenheimer initiated coverage on shares of Carlyle Credit Income Fund in a research note on Monday, December 9th. They set a “market perform” rating and a $8.00 price target on the stock.

Carlyle Credit Income Fund Company Profile

Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC. The fund is co – managed by Behringer Advisors, LLC. The Fund invests mainly in fixed-income securities. The fund invests in stocks of companies operating across diversified sectors.