Carlyle Secured Lending, Inc.
CGBDFinancial Services · Stock · quarterly payer
Forward Yield
13.02%
Annual Dividend
$1.50
Payout Ratio
304%
5-Yr Growth
2.3%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of September 2026, Carlyle Secured Lending, Inc. (CGBD) yields 13.02% ($1.50 per share annually), with a blended fair-value estimate of $11.80 — +3% upside, so it screens as fairly valued. Dividend safety grade: D (47/100).
Is CGBD a good dividend stock?
MixedCarlyle Secured Lending, Inc. (CGBD) pays a quarterly dividend yielding 13.02% ($1.50/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 (304%)
- 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
- 13.02%
- Payout Ratio
- 304%
- Annual Dividend
- $1.50
- 5-Yr Avg Growth
- 2.3%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.71
- Market Cap
- $789.2M
- P/E Ratio
- 22.5
- 5-Yr Total Return
- -19%
- 52-Week Range
- $9.95 – $13.49
- Dividend Safety
- D · 47/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
CGBD Price — Last 12 Months
Daily close
Price Return
1 Year
-10%
3 Years
-16%
5 Years
-19%
52-Week Range
$9.95 – $13.49
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CGBD worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Carlyle Secured Lending, Inc. is $11.80 per share, versus a market price of $11.41. That implies the stock is roughly fairly priced.
Fair Value
$11.80
Current Price
$11.41
Gap
+3%
Margin of Safety
3%
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 -2.7% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.8% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.51 EPS, $1.50 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 $1.50 / yr per share
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