Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) Stock Price Up 0.3% – Here’s What Happened

Shares of The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) rose 0.3% during trading on Wednesday . The company traded as high as $16.39 and last traded at $16.32. Approximately 11,664 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 25,541 shares. The stock had previously closed at $16.27.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Trading Up 0.3%

The company’s fifty day moving average is $16.77 and its two-hundred day moving average is $17.21.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 15th. Shareholders of record on Saturday, August 1st will be paid a dividend of $0.2891 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, July 31st.

About Carlyle Group Inc. 4.625% Subordinated Notes due 2061

The Carlyle Group Inc 4.625% Subordinated Notes due 2061 (Nasdaq: CGABL) are unsecured, subordinated debt securities issued by The Carlyle Group Inc, a global alternative asset manager. These notes pay a fixed annual interest rate of 4.625%, with interest typically paid semi-annually. As subordinated obligations, they rank below the company’s senior debt but above its equity in the event of liquidation. The notes mature in 2061, at which point the principal amount is payable, unless earlier redeemed or repurchased by the issuer under the terms set forth in the offering documents.

The issuance of these subordinated notes is intended to support Carlyle’s ongoing capital needs, including general corporate purposes and potential growth initiatives across its various investment platforms.