Logan Ridge Finance Co. (NASDAQ:LRFC - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Tuesday, November 19th will be given a dividend of 0.36 per share on Friday, November 29th. This represents a $1.44 annualized dividend and a yield of 5.69%. The ex-dividend date is Tuesday, November 19th. This is an increase from Logan Ridge Finance's previous quarterly dividend of $0.33.
Logan Ridge Finance has a payout ratio of 94.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Logan Ridge Finance to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 91.0%.
Logan Ridge Finance Stock Performance
Shares of NASDAQ LRFC traded down $0.10 during midday trading on Friday, reaching $25.30. The company's stock had a trading volume of 5,140 shares, compared to its average volume of 7,020. The stock has a market capitalization of $67.55 million, a P/E ratio of -20.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.12 and a quick ratio of 3.87. The firm has a 50 day moving average price of $24.24 and a 200-day moving average price of $22.89. Logan Ridge Finance has a 12-month low of $19.82 and a 12-month high of $25.74.
About Logan Ridge Finance
(
Get Free Report)
Logan Ridge Finance Corporation, formerly known as, Capitala Finance Corp. is a Business Development Company specializing in senior subordinated debt and unitranche debt, unitranche loan, first-lien and second-lien loans, lower middle market and middle market, equity co-investment in sponsored companies.
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