CGBD - Carlyle Secured Lending: Strong Fundamentals Make This BDC A Perfect Portfolio Addition On A Pullback
2024-06-22 10:30:00 ET
Summary
- Carlyle Secured Lending has shown a solid performance and growth in high interest rate environment.
- CGBD's latest earnings beat expectations with solid net investment income and total investment income. Their strong performance has led to a premium slightly below their high premium of 5.39%.
- Strong dividend coverage, solid NAV growth, and healthy balance sheet position Carlyle Secured Lending as a great BDC for income-focused investors.
- Carlyle Secured Lending's dividend coverage was higher than two of the most popular peers in the sector Ares Capital & Blackstone Secured Lending.
- Despite being externally-managed, CGBD seems to be more aligned with shareholders, paying out supplemental dividends, making them perfect for an income-focused portfolio.