TCG BDC, Inc. (NASDAQ:CGBD) will begin trading ex-dividend on September 29, 2020. The quarterly dividend payment of $ 0.32 per share is scheduled to be paid on October 16, 2020. The dividend yield based on the latest trading day closing price was 13.66 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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TCG BDC, Inc. recently reported first quarter financial results on May 5, 2020, after market close, the New York based company announced income for the first quarter of $ 0.42 per share, from the revenue of $ 50.55 million. The quarterly earnings improved 4.55 percent while revenues compared with the same quarter last year.
Wall street analysts are predicting, CGBD to report 1Q20 income of $ 0.40 per share from revenue of $ 51.51 million. The bottom line results beat street analysts by $ 0.02 or 5.00 percent, at the same time, top line results fell short of analysts by $ 0.96 million or 1.86 percent.
Stock Performance
Shares of TCG BDC, Inc. traded up $ 0.32 or 3.54 percent on Friday, reaching $ 9.37 with volume of 382.90 thousand shares. TCG BDC, Inc. has traded high as $ 9.44 and has cracked $ 9.06 on the downward trend
According to the previous trading day, closing price of $ 9.37, representing a 110.47 % increase from the 52 week low of $ 4.30 and a 37.97 % decrease over the 52 week high of $ 14.59.
The company has a market capital of $ 542.25 million and is part of the Financial Services sector and Asset Management industry.
TCG BDC, Inc. is a non-diversified closed-end investment company. The fund operates as a business development company.
