The Carlyle Group L.P. (CG) Announces Quarterly Dividend of $0.56
The Carlyle Group L.P. (NASDAQ:CG) announced a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Stockholders of record on Friday, November 10th will be paid a dividend of 0.56 per share by the financial services provider on Thursday, November 16th. This represents a $2.24 annualized dividend and a dividend yield of 10.16%. The ex-dividend date is Thursday, November 9th. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.42.
The Carlyle Group L.P. (NASDAQ:CG) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The Carlyle Group L.P. had a net margin of 5.43% and a return on equity of 46.96%. The business had revenue of $639.90 million for the quarter, compared to analyst estimates of $668.32 million. During the same period last year, the firm earned $0.66 earnings per share.
A number of equities analysts recently commented on CG shares. Zacks Investment Research raised shares of The Carlyle Group L.P. from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, October 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $26.00 price target on shares of The Carlyle Group L.P. in a research report on Friday, September 22nd. ValuEngine raised shares of The Carlyle Group L.P. from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 15th. Morgan Stanley increased their price objective on shares of The Carlyle Group L.P. from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.00 price objective on shares of The Carlyle Group L.P. in a research note on Wednesday, August 16th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The Carlyle Group L.P. currently has a consensus rating of “Buy” and an average price target of $24.89.
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The Carlyle Group L.P. Company Profile
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.
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