Logan Ridge Finance Co. (NASDAQ:LRFC) Plans Quarterly Dividend of $0.36

Logan Ridge Finance Co. (NASDAQ:LRFC) declared a quarterly dividend on Friday, May 9th, Wall Street Journal reports. Stockholders of record on Monday, May 19th will be paid a dividend of 0.36 per share on Thursday, May 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date of this dividend is Monday, May 19th.

Logan Ridge Finance has a dividend 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 tumble. 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 Down 0.8 %

Shares of LRFC stock opened at $17.60 on Friday. The business’s fifty day moving average is $20.35 and its 200-day moving average is $23.26. The stock has a market cap of $46.75 million, a PE ratio of -13.97 and a beta of 0.70. Logan Ridge Finance has a 1 year low of $17.30 and a 1 year high of $26.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.12 and a current ratio of 0.12.

Logan Ridge Finance (NASDAQ:LRFC) last issued its earnings results on Thursday, May 8th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $4.63 million for the quarter, compared to the consensus estimate of $5.20 million. Logan Ridge Finance had a positive return on equity of 3.69% and a negative net margin of 16.43%. Equities analysts expect that Logan Ridge Finance will post 1.37 earnings per share for the current fiscal year.

Logan Ridge Finance Company Profile

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.