GCM Grosvenor (NASDAQ:GCMG) Has Affirmed Its Dividend Of $0.11 [Yahoo! Finance]
GCM Grosvenor Inc. - Class A (GCMG)
Company Research
Source: Yahoo! Finance
This means the annual payment is 4.4% of the current stock price, which is above the average for the industry. Check out our latest analysis for GCM Grosvenor GCM Grosvenor's Dividend Is Well Covered By Earnings Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Before making this announcement, GCM Grosvenor's dividend was higher than its profits, but the free cash flows quite comfortably covered it. Generally, we think cash is more important than accounting measures of profit, so with the cash flows easily covering the dividend, we don't think there is much reason to worry. EPS is set to grow by 69.7% over the next year. Assuming the dividend continues along recent trends, our estimates say the payout ratio could reach 91% - on the higher side, but we wouldn't necessarily say this is unsustainable. GCM Grosvenor Doesn't Have A Long Payment History The dividend has been pretty stable looking back, but the company hasn't be
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News
- Two stock recommendations by Oppenheimer: CART, GCMG [Seeking Alpha]Seeking Alpha
- GCM Grosvenor’s Infrastructure Advantage Strategy Acquires Equity Interest in Brookfield’s Shepherds FlatGlobeNewswire
- CION Investments and GCM Grosvenor Form Strategic Partnership Focused on Developing Private Market Investment Solutions [Yahoo! Finance]Yahoo! Finance
- Axxes Capital Launches Interval Fund to Provide Accredited Investors Access to the Private Equity Asset ClassGlobeNewswire
- GCM Grosvenor (NASDAQ:GCMG) Has Affirmed Its Dividend Of $0.11 [Yahoo! Finance]Yahoo! Finance
GCMG
Earnings
- 8/8/24 - Beat
GCMG
Sec Filings
- 9/10/24 - Form 4
- 8/19/24 - Form 4
- 8/19/24 - Form 4
- GCMG's page on the SEC website