Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Plans $0.10 Dividend

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) announced a dividend on Wednesday, January 10th, NASDAQ reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.10 per share on Sunday, July 28th. The ex-dividend date is Friday, May 10th.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL stock opened at $17.51 on Thursday. The firm has a 50 day moving average of $17.40. Nuveen Churchill Direct Lending has a twelve month low of $16.00 and a twelve month high of $18.10. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. The company had revenue of $48.95 million for the quarter, compared to the consensus estimate of $48.40 million. Nuveen Churchill Direct Lending had a return on equity of 11.91% and a net margin of 46.95%. Analysts anticipate that Nuveen Churchill Direct Lending will post 2.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial assumed coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “buy” rating and a $19.00 target price on the stock. JMP Securities restated a “market outperform” rating and set a $18.50 price target on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods initiated coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “market perform” rating and a $18.50 target price for the company. Wells Fargo & Company assumed coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set an “equal weight” rating and a $18.00 price objective for the company. Finally, Bank of America started coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “buy” rating and a $19.00 price target for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average 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.