Stability and Investor Confidence: Carlyle Group Lowers Payouts with Growing Earnings
Portfolio Pulse from Benzinga Insights
Carlyle Group (NASDAQ:CG) is set to pay a dividend of $0.35 per share on November 29, 2023, with an annualized yield of 4.84%. Despite a decrease in dividend per share from $1.36 in 2019 to $1.23 in 2022, Carlyle Group's earnings have grown, with EPS rising from $2.81 to $5.34. This suggests a strategic shift towards retaining earnings for reinvestment. FS KKR Capital (NYSE:FSK) has the highest annualized dividend yield among peers at 14.11%.
November 29, 2023 | 3:05 pm
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NEUTRAL IMPACT
Carlyle Group's dividend remains steady at $0.35/share with a 4.84% yield. The decrease in dividend per share since 2019 contrasts with significant earnings growth, indicating a potential strategic shift towards reinvestment.
While the dividend payout has remained stable, the decrease in dividend per share over the past years combined with increased earnings suggests Carlyle Group may be focusing on reinvestment, which could lead to future growth. However, the impact on the stock price in the short term is likely neutral as the market has already absorbed the dividend information and the strategic shift may not immediately affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
FS KKR Capital has the highest annualized dividend yield among Carlyle Group's peers at 14.11%, which may attract income-seeking investors looking for higher yields.
FS KKR Capital's mention as having the highest yield among peers could be seen as positive, but the article does not provide new information or changes to FSK's dividend policy. Therefore, the short-term impact on FSK's stock price is likely neutral, as the high yield is already known to the market.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50