CGBD - Carlyle Secured Lending Inc. Announces Fourth Quarter and Full Year 2023 Financial Results Increases Base Dividend to $0.40 Per Common Share and Declares First Quarter 2024 Dividends of $0.48 Per Common Share | Benzinga
NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, "we," "us," "our," "CSL" or the "Company") (NASDAQ:CGBD) today announced its financial results for its fourth quarter and full year ended December 31, 2023.
Aren LeeKong, CSL's Chief Executive Officer said, "We are very pleased with our fourth quarter and fiscal year 2023 results, which we believe were due to our ability to capitalize on the breadth and depth of the OneCarlyle platform and drive performance throughout an evolving market environment. Despite the market's complexity, we remained steadfast in our disciplined approach to deliver steady income and solid credit performance by sourcing transactions during 2023 with pricing, terms and structures that were attractive relative to historical originations. As a result of our continued execution of this strategy, the quality of our portfolio, and confidence in the future, we are increasing our base dividend by $0.03 to $0.40 per share."
Net investment income for the fourth quarter of 2023 was $0.56 per common share, and net asset value per common share increased by 0.8% for the fourth quarter to $16.99 from $16.86 as of September 30, 2023. The total fair value of our investments was $1.8 billion as of December 31, 2023.
Net investment income for 2023 was $2.10 per common share. The net asset value per common share was $16.99 as of December 31, 2023, unchanged from $16.99 as of December 31, 2022.
Dividends
On February 20, 2024, the Board of Directors declared a base quarterly common dividend of $0.40 per share, a $0.03 per share or 8% increase from our prior base dividend, plus a supplemental common dividend of $0.08 per share. The dividends are ...