Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) Trading Down 0.2% – Should You Sell?

The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) shares traded down 0.2% during mid-day trading on Friday . The stock traded as low as $17.31 and last traded at $17.37. 18,460 shares were traded during mid-day trading, a decline of 34% from the average session volume of 28,111 shares. The stock had previously closed at $17.40.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Stock Performance

The firm’s 50 day simple moving average is $17.54 and its 200 day simple moving average is $17.79.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be issued a dividend of $0.2891 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.16 annualized dividend and a dividend yield of 6.7%.

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.