Chicago Atlantic BDC (LIEN) Projected to Post Quarterly Earnings on Monday

Chicago Atlantic BDC (NASDAQ:LIEN) will likely be releasing its earnings data before the market opens on Monday, March 31st. Analysts expect Chicago Atlantic BDC to post earnings of $0.28 per share and revenue of $11.00 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Chicago Atlantic BDC Price Performance

LIEN opened at $11.54 on Monday. The stock has a 50-day simple moving average of $11.64. The stock has a market capitalization of $71.72 million, a P/E ratio of 17.49 and a beta of 0.24. Chicago Atlantic BDC has a twelve month low of $8.38 and a twelve month high of $13.38.

Chicago Atlantic BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.79%. The ex-dividend date is Friday, March 28th. Chicago Atlantic BDC’s payout ratio is currently 206.06%.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.