Carlyle Secured Lending, Inc.
CGBDFinancial Services · Asset Management · Stock · quarterly payer
Forward Yield
13.37%
Annual Dividend
$1.55
Payout Ratio
310%
5-Yr Growth
2.3%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Key facts about CGBD's dividend
Data as of · Source: SmarterDividends data
- As of Oct 14, 2026, Carlyle Secured Lending, Inc. (CGBD) has a forward dividend yield of 13.37%, based on an annual dividend of $1.55 per share and a share price of $10.48.
- As of Oct 14, 2026, CGBD's dividend safety grade from SmarterDividends is D (47 out of 100), which rates the dividend as unsafe.
- CGBD last cut its regular dividend in 2025.
- CGBD's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.35 per share.
- As of Oct 14, 2026, CGBD pays out 310% of its trailing 12-month earnings as dividends (its payout ratio).
- CGBD's dividend has grown at an average rate of 2.3% a year over the past five years.
- As of Oct 14, 2026, CGBD's 13.37% yield is 16% above its five-year average yield of 11.56%.
- As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for CGBD is $14.06 per share, 34% above the $10.48 share price, so CGBD screens as undervalued.
- Carlyle Secured Lending, Inc. (CGBD) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "CGBD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 14, 2026, https://smarterdividends.com/stocks/CGBD
Summary
As of Oct 14, 2026, Carlyle Secured Lending, Inc. (CGBD) yields 13.37% ($1.55 a year per share) and has a dividend safety grade of D (47/100).
Is CGBD a good dividend stock?
MixedCarlyle Secured Lending, Inc. (CGBD) pays a quarterly dividend yielding 13.37% ($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 (310%)
- 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
- 13.37%
- Payout Ratio
- 310%
- Annual Dividend
- $1.55
- 5-Yr Avg Growth
- 2.3%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.72
- Market Cap
- $721.1M
- P/E Ratio
- 21.0
- 5-Yr Total Return
- -26%
- 52-Week Range
- $9.95 – $13.28
- Dividend Safety
- D · 47/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
Is CGBD a good dividend stock?
Mixed. Carlyle Secured Lending, Inc. (CGBD) pays a quarterly dividend yielding 13.37% ($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.
Is CGBD undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CGBD's fair value is about $14.06 versus a $10.48 share price — so it looks undervalued (+34% vs. fair value).
Is CGBD's dividend safe?
CGBD has a dividend-safety grade of D (47/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.
What is CGBD's fair value?
Our blended fair-value estimate for CGBD is about $14.06 per share, roughly 34% above the current $10.48 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is CGBD a buy, hold, or sell?
We don't issue formal ratings, but on the data CGBD screens as "mixed" and undervalued. Carlyle Secured Lending, Inc. (CGBD) pays a quarterly dividend yielding 13.37% ($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. This is research for your own analysis, not investment advice.
Will CGBD cut its dividend?
CGBD earns a dividend-safety grade of D (47/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does CGBD pay a dividend?
Yes. Carlyle Secured Lending, Inc. pays a quarterly dividend of about $1.55 per share annually, a forward yield of roughly 13.37%.
What is CGBD's dividend yield?
As of Oct 14, 2026, CGBD's forward dividend yield is 13.37%, based on a $1.55 annual dividend and a $10.48 share price.
What is CGBD's dividend per share?
As of Oct 14, 2026, CGBD pays $1.55 per share per year, distributed on a quarterly basis.
What is CGBD's dividend payout ratio?
As of Oct 14, 2026, CGBD's payout ratio is 310% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has CGBD grown its dividend?
CGBD does not currently have a long dividend-growth streak on record.
When is the next CGBD ex-dividend date?
As of Oct 14, 2026, CGBD's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.35 per share.
CGBD Price — Last 12 Months
Daily close
Price Return
1 Year
-18%
3 Years
-23%
5 Years
-26%
52-Week Range
$9.95 – $13.28
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 $14.06 per share, versus a market price of $10.48. That implies 34% of upside — a margin of safety of about 25%.
Fair Value
$14.06
Current Price
$10.48
Upside
+34%
Margin of Safety
25%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $0.50 EPS, $1.40 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
Full CGBD dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 30, 2026 | Oct 16, 2026 | $0.3500 | regular |
| Jun 30, 2026 | Jul 16, 2026 | $0.3500 | regular |
| Mar 31, 2026 | Apr 16, 2026 | $0.4000 | regular |
| Dec 31, 2025 | Jan 16, 2026 | $0.4000 | regular |
| Sep 30, 2025 | Oct 17, 2025 | $0.4000 | regular |
| Jun 30, 2025 | Jul 17, 2025 | $0.4000 | regular |
| Mar 24, 2025 | Apr 17, 2025 | $0.4500 | regular |
| Dec 31, 2024 | Jan 17, 2025 | $0.4500 | regular |
| Sep 30, 2024 | Oct 17, 2024 | $0.4700 | regular |
| Jun 28, 2024 | Jul 17, 2024 | $0.4700 | regular |
| Mar 27, 2024 | Apr 17, 2024 | $0.4800 | regular |
| Dec 28, 2023 | Jan 18, 2024 | $0.4400 | regular |
| Sep 28, 2023 | Oct 17, 2023 | $0.4400 | regular |
| Jun 29, 2023 | Jul 18, 2023 | $0.4400 | regular |
Income Calculator
At $1.55 / yr per share
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