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

Carlyle Credit Income Fund (NYSE:CCIF) announced a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Monday, May 19th will be paid a dividend of 0.105 per share on Friday, May 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 16.48%. The ex-dividend date is Monday, May 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 Trading Down 0.1 %

NYSE CCIF 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 stock has a 50-day moving average of $7.83 and a 200 day moving average of $8.14.

Carlyle Credit Income Fund (NYSE:CCIF) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.30 by $0.14. The business had revenue of $8.27 million during the quarter, compared to analyst estimates of $8.22 million.

Insider Activity

In other news, Director Joan Y. Mccabe acquired 18,079 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of $8.02 per share, for a total transaction of $144,993.58. Following the transaction, the director now directly owns 30,358 shares in the company, valued at $243,471.16. This trade represents a 147.24 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

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

About Carlyle Credit Income Fund

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.