Morgan Stanley Direct Lending Announces Annual Dividend of $0.50 (NYSE:MSDL)

Morgan Stanley Direct Lending (NYSE:MSDL) announced an annual dividend on Thursday, February 29th, NASDAQ reports. Investors of record on Friday, March 29th will be given a dividend of 0.50 per share on Thursday, April 25th. This represents a yield of 2.5%. The ex-dividend date is Wednesday, March 27th.

Morgan Stanley Direct Lending Price Performance

Shares of NYSE MSDL traded down $0.22 during trading hours on Monday, hitting $22.21. The company had a trading volume of 49,987 shares, compared to its average volume of 180,236. The stock has a market capitalization of $1.97 billion and a PE ratio of 7.05. Morgan Stanley Direct Lending has a 1-year low of $19.05 and a 1-year high of $22.97. The firm’s 50 day moving average price is $20.58.

Morgan Stanley Direct Lending (NYSE:MSDL) last posted its quarterly earnings results on Friday, March 1st. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $100.80 million during the quarter, compared to the consensus estimate of $97.34 million.

Analyst Ratings Changes

A number of brokerages recently commented on MSDL. Keefe, Bruyette & Woods began coverage on Morgan Stanley Direct Lending in a research report on Tuesday, February 20th. They issued a “market perform” rating and a $21.00 price target on the stock. Wells Fargo & Company initiated coverage on Morgan Stanley Direct Lending in a research report on Tuesday, February 20th. They issued an “equal weight” rating and a $21.00 price target on the stock. Raymond James initiated coverage on Morgan Stanley Direct Lending in a research note on Tuesday, February 20th. They issued an “outperform” rating and a $22.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Morgan Stanley Direct Lending in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. initiated coverage on Morgan Stanley Direct Lending in a research note on Tuesday, February 20th. They issued a “neutral” rating and a $20.50 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Morgan Stanley Direct Lending has an average rating of “Moderate Buy” and a consensus price target of $21.50.