SmarterDividends
CGBD

Carlyle Secured Lending (CGBD) Dividend

Carlyle Secured Lending, Inc. · Financial Services · Asset Management · quarterly payer

$11.17

Undervalued · +43% Add to Portfolio

As of Nov 8, 2026, Carlyle Secured Lending (CGBD) pays a quarterly dividend of $0.35 per share, or $1.40 a year, a 12.88% yield at its $11.17 share price. It pays every quarter, usually in January, April, July and October. It has a dividend safety grade of D.

Forward Yield

12.88%

Annual Dividend

$1.40

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 Nov 8, 2026, Carlyle Secured Lending, Inc. (CGBD) has a forward dividend yield of 12.88%, based on an annual dividend of $1.40 per share and a share price of $11.17.
  • As of Nov 8, 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 Nov 8, 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 Nov 8, 2026, CGBD's 12.88% yield is 11% above its five-year average yield of 11.56%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for CGBD is $15.95 per share, 43% above the $11.17 share price, so CGBD screens as undervalued.
  • Carlyle Secured Lending, Inc. (CGBD) pays its dividend quarterly, 4 times a year.
  • Carlyle Secured Lending, Inc. (CGBD) has raised its regular dividend 6 times and cut it 6 times across the 38 payments on record since 2017. Its most recent change was a 12.5% cut to $0.350 per share, going ex-dividend on Jun 30, 2026.
  • Carlyle Secured Lending (CGBD) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 9.1%, was declared on Feb 26, 2024.
Cite this page

SmarterDividends, "CGBD Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/CGBD

Is CGBD a good dividend stock?

Mixed

Carlyle Secured Lending, Inc. (CGBD) pays a quarterly dividend yielding 12.88% ($1.40/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
    12.88%
    Payout Ratio
    310%
    Annual Dividend
    $1.40
    5-Yr Avg Growth
    2.3%
    Ex-Dividend Date
    Sep 30, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    0.71
    Market Cap
    $759.7M
    P/E Ratio
    21.9
    5-Yr Total Return
    -18%
    52-Week Range
    $9.95 – $13.28
    Dividend Safety
    D · 47/100
    Ever Cut?
    Yes (2025)

    CGBD dividend raises and cuts

    Carlyle Secured Lending, Inc. (CGBD) has raised its regular dividend 6 times and cut it 6 times across the 38 payments on record since 2017. Its most recent change was a 12.5% cut to $0.350 per share, going ex-dividend on Jun 30, 2026.

    Ex-dateChangeOld → newMove
    Jun 30, 2026Cut$0.400 → $0.350−12.5%
    Jun 30, 2025Cut$0.450 → $0.400−11.1%
    Dec 31, 2024Cut$0.470 → $0.450−4.3%
    Jun 28, 2024Cut$0.480 → $0.470−2.1%
    Mar 27, 2024Raise$0.440 → $0.480+9.1%
    Dec 29, 2022Raise$0.400 → $0.440+10.0%
    Mar 30, 2022Raise$0.390 → $0.400+2.6%
    Dec 30, 2021Raise$0.380 → $0.390+2.6%
    Sep 29, 2021Raise$0.360 → $0.380+5.6%
    Jun 29, 2021Cut$0.370 → $0.360−2.7%
    Mar 30, 2021Raise$0.360 → $0.370+2.8%
    Dec 30, 2020Cut$0.370 → $0.360−2.7%
    Every CGBD payment →Download every raise and cut (CSV)
    CGBD ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →CGBD dividend historyEvery payment, totals by year, raises and cutsView →CGBD dividend calculator100 shares pay $140.00 a year, $35.00 each quarterCalculate →CGBD total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is CGBD a good dividend stock?

    Mixed. Carlyle Secured Lending, Inc. (CGBD) pays a quarterly dividend yielding 12.88% ($1.40/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 $15.95 versus a $11.17 share price — so it looks undervalued (+43% 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 $15.95 per share, roughly 43% above the current $11.17 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 12.88% ($1.40/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 $1.40 per share annually, a forward yield of roughly 12.88%.

    How much dividend does 100 shares of CGBD pay?

    At $1.40 per share a year, 100 shares of CGBD pay $140.00 a year in dividends before tax, about $35.00 each quarter. Buying them costs about $1,117 at the Nov 8, 2026 price.

    What is CGBD's dividend yield?

    As of Nov 8, 2026, CGBD's forward dividend yield is 12.88%, based on a $1.40 annual dividend and a $11.17 share price.

    What is CGBD's dividend per share?

    As of Nov 8, 2026, CGBD pays $1.40 per share per year, distributed on a quarterly basis.

    What is CGBD's dividend payout ratio?

    As of Nov 8, 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 Nov 8, 2026, CGBD's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.35 per share.

    CGBD Dividend News

    CGBD
    CutCGBD·Jul 1, 2026

    Carlyle Secured Lending Cuts Quarterly Dividend to $0.35

    Carlyle Secured Lending lowered its quarterly payout from $0.40 to $0.35 per share, with shares trading ex-dividend on June 30, 2026.

    Income Calculator

    At $1.40 / yr per share

    Per payment (quarterly)$35.00
    Annual$140.00
    Monthly avg$11.67
    Full CGBD dividend calculator →

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