Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) Stock Price Up 0.1% – Here’s Why

The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL)’s share price traded up 0.1% on Tuesday . The stock traded as high as $17.73 and last traded at $17.64. 39,959 shares traded hands during trading, an increase of 38% from the average session volume of 28,962 shares. The stock had previously closed at $17.63.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Stock Up 0.1%

The business has a fifty day moving average price of $17.48 and a two-hundred day moving average price of $17.90.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a dividend of $0.2891 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.16 dividend on an annualized basis and a yield of 6.6%.

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.