Over the past few years, the company's distributable income has fallen sharply, declining from $2.2 billion in 2021 to $1.9 billion in 2022 to just $1.4 billion last year. But this year, it's expected to bump back up to $1.6 billion. Carlyle paid out $498 million in dividends in 2023 for a low payout ratio of just 35%. This year, it will likely pay shareholders around $528 million, which would drop the payout ratio to 33%. That means the company can easily afford its dividend, as it is only paying out $1 for every $3 it earns. However, when we look back at the company's dividend history, we see something extremely concerning... Is it really as bad as it appears? |
No comments:
Post a Comment