Carlyle Secured Lending, Inc.
CGBDFinancial Services · Stock · quarterly payer
Forward Yield
14.82%
Annual Dividend
$1.55
Payout Ratio
229%
5-Yr Growth
2.3%
Ex-Date
Jun 30, 2026
Frequency
Quarterly
Summary
As of July 2026, Carlyle Secured Lending, Inc. (CGBD) yields 14.82% ($1.55 per share annually), with a blended fair-value estimate of $12.54 — +20% upside, so it screens as undervalued. Dividend safety grade: D (43/100).
Is CGBD a good dividend stock?
MixedCarlyle Secured Lending, Inc. (CGBD) pays a quarterly dividend yielding 14.82% ($1.55/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (229%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 14.82%
- Payout Ratio
- 229%
- Annual Dividend
- $1.55
- 5-Yr Avg Growth
- 2.3%
- Ex-Dividend Date
- Jun 30, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.68
- Market Cap
- $726.2M
- P/E Ratio
- 14.9
- 5-Yr Total Return
- -25%
- 52-Week Range
- $10.27 – $14.32
- Dividend Safety
- D · 43/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
CGBD Price — Last 12 Months
Daily close
Price Return
1 Year
-25%
3 Years
-30%
5 Years
-25%
52-Week Range
$10.27 – $14.32
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CGBD worth?
Undervaluedlow confidenceOur blended fair-value estimate for Carlyle Secured Lending, Inc. is $12.54 per share, versus a market price of $10.45. That implies 20% of upside — a margin of safety of about 17%.
Fair Value
$12.54
Current Price
$10.45
Upside
+20%
Margin of Safety
17%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -3.3% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.7% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.70 EPS, $1.55 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CGBD Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.3500 | regular |
| Mar 31, 2026 | — | $0.4000 | regular |
| Dec 31, 2025 | — | $0.4000 | regular |
| Sep 30, 2025 | — | $0.4000 | regular |
| Jun 30, 2025 | — | $0.4000 | regular |
| Mar 24, 2025 | — | $0.4500 | regular |
| Dec 31, 2024 | — | $0.4500 | regular |
| Sep 30, 2024 | — | $0.4700 | regular |
| Jun 28, 2024 | — | $0.4700 | regular |
| Mar 27, 2024 | — | $0.4800 | regular |
| Dec 28, 2023 | — | $0.4400 | regular |
| Sep 28, 2023 | — | $0.4400 | regular |
| Jun 29, 2023 | — | $0.4400 | regular |
| Mar 30, 2023 | — | $0.4400 | regular |
Income Calculator
At $1.55 / yr per share
