CGBD Quick Update: Solid Quarter, Undervalued
CGBD Quick Update:
CGBD reported a solid quarter increasing its supplemental dividend due to improved earnings, higher NAV per share, and improved portfolio credit quality.
CGBD is considered a 'Strong Buy' trading 8% below its LT target, 18% below its NAV, driving a current dividend yield of 10.7% (likely higher).
CGBD reported between base and best-case …