Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Increases Dividend to $0.34 Per Share

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) announced a quarterly dividend on Monday, December 9th,Wall Street Journal reports. Shareholders of record on Thursday, December 19th will be given a dividend of 0.34 per share on Friday, December 27th. This represents a $1.36 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date is Thursday, December 19th. This is a boost from Chicago Atlantic BDC’s previous quarterly dividend of $0.25.

Chicago Atlantic BDC Stock Performance

Shares of NASDAQ LIEN traded up $0.04 during midday trading on Monday, reaching $12.83. The stock had a trading volume of 5,144 shares, compared to its average volume of 11,259. Chicago Atlantic BDC has a twelve month low of $7.29 and a twelve month high of $13.38. The company has a market capitalization of $79.74 million and a P/E ratio of 19.41.

About Chicago Atlantic BDC

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.