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Mar 31, 2022
Carlyle Q1 2022 Earnings Report
Announced solid financial results driven by strong portfolio performance and income generation.
Key Takeaways
Carlyle Secured Lending, Inc. reported solid first quarter financial results with growth in net asset value, driven by strong portfolio performance and income generation. The company declared a base dividend of $0.32 per common share and a supplemental dividend of $0.08 per common share for the second quarter of 2022.
Net investment income, net of the preferred dividend, was $24.6 million, or $0.47 per common share.
Net realized gain and net change in unrealized appreciation on investments was $5.2 million, or $0.09 per share.
Net asset value per common share increased 1.2% to $17.11.
The company exited its debt and equity positions in SolAero, with total proceeds exceeding the December 31, 2021 fair value by $9.3 million.
Forward Guidance
The Board of Directors declared a base quarterly common dividend of $0.32 plus a supplemental common dividend of $0.08, which are payable on July 15, 2022 to common stockholders of record on June 30, 2022.
Positive Outlook
- Base quarterly common dividend of $0.32 declared.
- Supplemental common dividend of $0.08 declared.
- Dividends are payable on July 15, 2022.
- Common stockholders of record on June 30, 2022 will receive dividends.
- The company maintains a strong financial position.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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