Chicago Atlantic BDC, Inc. Announces Quarterly Dividend of $0.34 (NASDAQ:LIEN)

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) announced a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Investors of record on Friday, March 28th will be given a dividend of 0.34 per share on Friday, April 11th. This represents a $1.36 annualized dividend and a dividend yield of 11.72%. The ex-dividend date of this dividend is Friday, March 28th.

Chicago Atlantic BDC Stock Down 3.4 %

NASDAQ LIEN opened at $11.60 on Tuesday. The business has a 50-day simple moving average of $11.68. The company has a market capitalization of $72.09 million, a PE ratio of 17.58 and a beta of 0.24. Chicago Atlantic BDC has a 1 year low of $8.38 and a 1 year high of $13.38.

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.