Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) Trading Down 0.9% – Here’s What Happened

The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL)’s share price traded down 0.9% on Thursday . The company traded as low as $17.63 and last traded at $17.66. 22,121 shares changed hands during trading, a decline of 7% from the average session volume of 23,904 shares. The stock had previously closed at $17.82.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Trading Down 0.9%

The business’s 50-day moving average price is $17.48 and its 200 day moving average price is $17.87.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $0.2891 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, May 1st.

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.