Nuveen Churchill Direct Lending Corp. (NCDL) To Go Ex-Dividend on February 12th

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) announced a — dividend on Tuesday, May 7th, Wall Street Journal reports. Shareholders of record on Wednesday, February 12th will be given a dividend of 0.10 per share on Monday, April 28th. This represents a yield of 10.3%. The ex-dividend date is Wednesday, February 12th.

Nuveen Churchill Direct Lending Stock Performance

NYSE:NCDL opened at $17.51 on Thursday. Nuveen Churchill Direct Lending has a 52 week low of $16.00 and a 52 week high of $18.10. The stock has a fifty day simple moving average of $17.40. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its earnings results on Tuesday, February 27th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Nuveen Churchill Direct Lending had a return on equity of 11.91% and a net margin of 46.95%. The firm had revenue of $48.95 million during the quarter, compared to analyst estimates of $48.40 million. Equities analysts expect that Nuveen Churchill Direct Lending will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

NCDL has been the topic of several analyst reports. Bank of America initiated coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “buy” rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They set a “market perform” rating and a $18.50 target price for the company. Wells Fargo & Company began coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued an “equal weight” rating and a $18.00 price target on the stock. Truist Financial began coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “buy” rating and a $19.00 price objective for the company. Finally, UBS Group assumed coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.