Carlyle Secured Lending, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the company reported Net Investment Income (NII) of $0.47 per common share, consistent with the prior quarter. For the full year 2024, NII was $2.00 per common share, with Adjusted NII reaching $2.02 per common share.
The company's Net Asset Value (NAV) per common share decreased by 0.3% for the fourth quarter, settling at $16.80 as of December 31, 2024, down from $16.85 at September 30, 2024. The total fair value of investments increased to $1.8 billion as of year-end 2024. This indicates a slight expansion in the investment portfolio despite the marginal NAV decline.
The Board of Directors declared a first-quarter 2025 dividend of $0.45 per common share, maintaining the base dividend of $0.40 and a supplemental dividend of $0.05 per share. This dividend consistency provides a clear outlook for shareholder returns. Additionally, a cash dividend on the Preferred Stock of $0.438 per share was declared on December 11, 2024, for the period from October 1, 2024, to December 31, 2024.
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