Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Announces $0.34 Quarterly Dividend

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) announced a quarterly dividend on Tuesday, November 11th, NASDAQ Dividends reports. Investors of record on Wednesday, December 31st will be given a dividend of 0.34 per share on Thursday, January 15th. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

Chicago Atlantic BDC Stock Performance

Shares of LIEN opened at $10.61 on Monday. The firm has a market cap of $242.12 million, a PE ratio of 13.43 and a beta of 0.26. Chicago Atlantic BDC has a 52-week low of $9.70 and a 52-week high of $12.87. The business’s 50 day moving average price is $10.52 and its two-hundred day moving average price is $10.52.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.33 EPS for the quarter. Chicago Atlantic BDC had a net margin of 33.72% and a return on equity of 5.80%. The company had revenue of $3.36 million during the quarter. Research analysts predict that Chicago Atlantic BDC will post 0.76 EPS for the current fiscal year.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC (NASDAQ:LIEN) is a closed-end management investment company organized as a business development company (BDC). It focuses on providing debt and equity financing solutions to U.S. middle-market companies that demonstrate strong growth potential. Through its public listing, the company offers investors exposure to a diversified portfolio of private credit and equity investments aimed at delivering attractive risk-adjusted returns.

The company’s investment strategy centers on structuring customized credit facilities, including senior secured loans, unitranche loans, mezzanine debt and equity co-investments.