Logan Ridge Finance Co. (NASDAQ:LRFC - Get Free Report) announced a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Stockholders of record on Monday, March 24th will be paid a dividend of 0.36 per share on Monday, March 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date is Monday, March 24th.
Logan Ridge Finance has a dividend payout ratio of 94.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Equities 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 Price Performance
Logan Ridge Finance stock traded up $0.04 during mid-day trading on Tuesday, hitting $22.70. The stock had a trading volume of 537 shares, compared to its average volume of 5,376. The firm has a market capitalization of $60.53 million, a P/E ratio of -18.01 and a beta of 1.23. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.11. The firm's 50 day moving average is $24.46 and its 200 day moving average is $24.41. Logan Ridge Finance has a one year low of $20.65 and a one year high of $26.00.
About Logan Ridge Finance
(
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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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