The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 7,148 shares, a decline of 55.1% from the May 31st total of 15,932 shares. Based on an average daily volume of 14,390 shares, the short-interest ratio is currently 0.5 days.
Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Stock Performance
Shares of CGABL opened at $16.17 on Monday. The business’s fifty day moving average price is $16.71 and its two-hundred day moving average price is $17.19. Carlyle Group Inc. 4.625% Subordinated Notes due 2061 has a 52 week low of $16.04 and a 52 week high of $18.80.
Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Saturday, August 15th. Stockholders of record on Saturday, August 1st will be paid a dividend of $0.2891 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, July 31st.
Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Company Profile
The Carlyle Group Inc 4.625% Subordinated Notes due 2061 (Nasdaq: CGABL) are unsecured, subordinated debt securities issued by The Carlyle Group Inc, a global alternative asset manager. These notes pay a fixed annual interest rate of 4.625%, with interest typically paid semi-annually. As subordinated obligations, they rank below the company’s senior debt but above its equity in the event of liquidation. The notes mature in 2061, at which point the principal amount is payable, unless earlier redeemed or repurchased by the issuer under the terms set forth in the offering documents.
The issuance of these subordinated notes is intended to support Carlyle’s ongoing capital needs, including general corporate purposes and potential growth initiatives across its various investment platforms.
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