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10.96 USD
P/E
10.86
EPS
1.01
Yield
14.60%
Safety Score
2
P/B
0.67
ROE
6.75
Beta
0.73
Target Price
12.64 USD
TCG BDC, Inc. logo

TCG BDC, Inc.

🧾 Earnings Recap – Q3 2025

Carlyle Secured Lending delivered a solid third quarter in 2025, reporting a net investment income of $0.37 per share, while maintaining a robust investment pipeline and strong credit quality.

  • Generated $0.37 per share net investment income on a GAAP basis, with $0.38 after adjustment for asset acquisition accounting.
  • Declared a fourth-quarter dividend of $0.40 per share, yielding over 12% based on the recent share price.
  • Increased total investments from $2.3 billion to $2.4 billion, with $260 million deployed in new and existing borrower investments.
  • Nonaccruals decreased to 1.6% of total investments at cost, underscoring strong credit quality and effective portfolio management.
  • Year-over-year deal flow increased nearly 30%, indicating a positive outlook for future investment activity.
📅
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Key Metrics
Earnings dateMay 12, 2026
P/E10.86
EPS1.01
Book Value16.26
Price to Book0.67
Debt/Equity131.29
% Insiders0.624%
Growth
Revenue Growth0.19%
Earnings Growth-0.41%
Estimates
Forward P/E7.54
Forward EPS1.46
Target Mean Price12.64
Dividend
Dividend Yield14.60%
Annual dividends1.60 USD
Ex-Div. DateMarch 31, 2026
Payout148.69%
5y avg Yield10.98%

DCF Valuation

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DCF Result

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TCG BDC, Inc. Logo TCG BDC, Inc. Analysis (CGBD)

United States Financials Official Website Stock

Is TCG BDC, Inc. a good investment? TCG BDC, Inc. (CGBD) is currently trading at 10.96 USD. Market analysts have a consensus price target of 12.64 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 10.86. This relatively low multiple may signal that TCG BDC, Inc. is undervalued compared to historical market norms.

Earnings Schedule: TCG BDC, Inc. is expected to release its next earnings report on May 12, 2026. The market consensus estimate for Forward EPS is 1.46.

For income investors, TCG BDC, Inc. pays a dividend yield of 14.60%. With a payout ratio of 149%, the dividend appears to be under pressure.

Investor FAQ

Does TCG BDC, Inc. pay a dividend?

Yes, it pays an annual dividend of 1.60 USD (14.60% yield).

What asset class is TCG BDC, Inc.?

TCG BDC, Inc. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be May 12, 2026. The company currently has a trailing EPS of 1.01.

Company Profile

Carlyle Secured Lending, Inc. is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector. The fund seeks to invest across United States of America, Luxembourg, Cayman Islands, Cyprus, and United Kingdom. It invests in companies with EBITDA between $25 million and $100 million.

Exchange Ticker
NMS (United States) CGBD
Dividend Yield

14.60% (5y avg: 10.98%)

Annual Dividends

1.60 USD

Next ex. div date

March 31, 2026

Payout Ratio

148.69%

Historical Dividends
Year Total Dividends
2027 0.39 USD
2026 1.65 USD
2025 1.70 USD
2024 1.86 USD
2023 1.76 USD
2022 1.59 USD
2021 1.47 USD
2020 1.66 USD
2019 1.76 USD
2018 1.60 USD
2017 0.74 USD

Yearly aggregated dividends

Dividends

TCG BDC, Inc.
Apr 16, 2026 Upcoming
Dividend
0.4 USD
TCG BDC, Inc.
Jan 16, 2026 Paid
Dividend
0.4 USD
TCG BDC, Inc.
Oct 17, 2025 Paid
Dividend
0.4 USD
TCG BDC, Inc.
Jul 17, 2025 Paid
Dividend
0.4 USD

Historical Split Corporate Actions

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