Nuveen Churchill Direct Lending Corp. Declares Dividend of $0.10 (NYSE:NCDL)

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) announced a dividend on Wednesday, January 10th, NASDAQ reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.10 per share on Sunday, July 28th. The ex-dividend date of this dividend is Friday, May 10th.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL opened at $17.51 on Thursday. Nuveen Churchill Direct Lending has a twelve month low of $16.00 and a twelve month high of $18.10. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26. The firm’s 50 day moving average price is $17.40.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Nuveen Churchill Direct Lending had a return on equity of 11.91% and a net margin of 46.95%. The firm had revenue of $48.95 million for the quarter, compared to the consensus estimate of $48.40 million. On average, equities research analysts predict that Nuveen Churchill Direct Lending will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NCDL. UBS Group began coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “neutral” rating and a $18.00 price objective on the stock. Bank of America initiated coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “buy” rating and a $19.00 price objective for the company. Truist Financial assumed coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “buy” rating and a $19.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued an “equal weight” rating and a $18.00 price objective on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “market perform” rating and a $18.50 target price for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Nuveen Churchill Direct Lending presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.