GCM Grosvenor Inc. (GCMG) To Go Ex-Dividend on September 1st

GCM Grosvenor Inc. (NASDAQ:GCMG – Get Free Report) announced a quarterly dividend on Friday, August 7th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.12 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st.

GCM Grosvenor has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect GCM Grosvenor to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 55.2%.

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GCM Grosvenor Stock Performance

Shares of NASDAQ GCMG opened at $13.72 on Friday. GCM Grosvenor has a 12 month low of $9.30 and a 12 month high of $14.87. The company has a market cap of $2.78 billion, a P/E ratio of 26.39 and a beta of 0.84. The business’s 50 day moving average is $13.13 and its two-hundred day moving average is $11.63. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 2.96.

GCM Grosvenor (NASDAQ:GCMG – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $134.34 million during the quarter, compared to analysts’ expectations of $131.21 million. GCM Grosvenor had a return on equity of 142.74% and a net margin of 7.79%. On average, equities analysts expect that GCM Grosvenor will post 0.7 EPS for the current year.

About GCM Grosvenor

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GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.

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