The Carlyle Group (CG)
The Carlyle Group has long been a high-dividend paying company, but quite recently, its earnings growth has propelled the share price of CG higher, giving the company the look, on paper, of a growth stock. This is a direct investment company, meaning the richest people you know don’t know anyone rich enough to be a Carlyle Group client. Now the company seems to have found a particularly winning blend of old-school investing, fund of fund investing, leveraged buyouts, and fintech. The dividend yield is down to 5.18%, but there is growth as well. Earnings growth is modest, but in the current environment, the company is surely growing in the value of its carried assets.
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