SLR Investment Corp. (NASDAQ:SLRC) Plans $0.41 Quarterly Dividend

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.41 per share by the financial services provider on Friday, December 27th. This represents a $1.64 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date of this dividend is Friday, December 13th.

SLR Investment has a dividend payout ratio of 100.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect SLR Investment to earn $1.62 per share next year, which means the company may not be able to cover its $1.64 annual dividend with an expected future payout ratio of 101.2%.

SLR Investment Trading Up 1.7 %

NASDAQ SLRC traded up $0.27 during mid-day trading on Friday, reaching $16.17. 184,467 shares of the stock were exchanged, compared to its average volume of 158,321. The stock has a market cap of $882.15 million, a P/E ratio of 9.14 and a beta of 1.12. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50 day simple moving average of $15.30 and a 200-day simple moving average of $15.66. SLR Investment has a one year low of $14.41 and a one year high of $16.77.

SLR Investment (NASDAQ:SLRC - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The company had revenue of $58.98 million during the quarter, compared to analyst estimates of $58.23 million. During the same quarter in the previous year, the business posted $0.42 EPS. On average, analysts anticipate that SLR Investment will post 1.75 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SLRC shares. Wells Fargo & Company dropped their price target on SLR Investment from $13.00 to $12.50 and set an "underweight" rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered shares of SLR Investment from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $15.50 to $15.00 in a research note on Monday, July 29th. Finally, StockNews.com started coverage on shares of SLR Investment in a report on Tuesday, July 23rd. They issued a "hold" rating on the stock. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to data from MarketBeat, SLR Investment presently has an average rating of "Hold" and a consensus price target of $15.13.

SLR Investment Company Profile

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.