Chicago Atlantic BDC (NASDAQ:LIEN) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Chicago Atlantic BDC (NASDAQ:LIEN) announced its quarterly earnings results on Monday. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06, Zacks reports. The business had revenue of $12.65 million for the quarter, compared to analyst estimates of $11.00 million. Chicago Atlantic BDC had a net margin of 32.69% and a return on equity of 3.80%.

Chicago Atlantic BDC Trading Down 1.2 %

Shares of NASDAQ LIEN opened at $11.11 on Wednesday. The firm has a market cap of $69.05 million, a price-to-earnings ratio of 16.83 and a beta of 0.24. The firm has a fifty day moving average price of $11.70. Chicago Atlantic BDC has a one year low of $9.50 and a one year high of $13.38.

Chicago Atlantic BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.36 annualized dividend and a yield of 12.24%. Chicago Atlantic BDC’s payout ratio is currently 206.06%.

About Chicago Atlantic BDC

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.