Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) to Issue — Dividend of $0.10

Posted by Cynthia Vaughn on Feb 10th, 2025

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

Nuveen Churchill Direct Lending Stock Performance

NYSE NCDL opened at $17.28 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $941.31 million and a PE ratio of 7.38. Nuveen Churchill Direct Lending has a 52-week low of $16.00 and a 52-week high of $18.10. The company has a 50-day simple moving average of $16.97 and a 200 day simple moving average of $17.19.

Nuveen Churchill Direct Lending (NYSE:NCDL – Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Nuveen Churchill Direct Lending had a net margin of 53.56% and a return on equity of 12.72%. The company had revenue of $60.28 million during the quarter, compared to analyst estimates of $58.40 million. On average, research analysts predict that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.

Insider Activity

In related news, CEO Kenneth J. Kencel bought 20,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of $17.37 per share, for a total transaction of $347,400.00. Following the purchase, the chief executive officer now directly owns 20,000 shares in the company, valued at $347,400. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

Nuveen Churchill Direct Lending Company Profile

(Get Free Report)

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.