Carlyle Credit Income Fund (NYSE:CCIF) Plans — Dividend of $0.11

Carlyle Credit Income Fund (NYSE:CCIF) announced a — dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Monday, May 19th will be paid a dividend of 0.105 per share on Friday, May 30th. This represents a yield of 16.5%. The ex-dividend date is Monday, May 19th.

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

Carlyle Credit Income Fund Trading Down 0.1 %

CCIF stock opened at $7.65 on Friday. The business’s 50 day moving average price is $7.82 and its two-hundred day moving average price is $8.14. Carlyle Credit Income Fund has a fifty-two week low of $7.54 and a fifty-two week high of $8.80.

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

Insider Buying and Selling

In other Carlyle Credit Income Fund news, Director Joan Y. Mccabe purchased 18,079 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average cost of $8.02 per share, with a total value of $144,993.58. Following the completion of the purchase, the director now owns 30,358 shares in the company, valued at approximately $243,471.16. This represents a 147.24 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Analyst Ratings Changes

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