SLR Investment Corp. to Issue Quarterly Dividend of $0.31 (NASDAQ:SLRC)

SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, September 11th will be paid a dividend of 0.31 per share by the financial services provider on Friday, September 25th. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Friday, September 11th.

SLR Investment has a payout ratio of 76.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect SLR Investment to earn $1.31 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 94.7%.

Get SLR Investment alerts:

SLR Investment Price Performance

SLRC opened at $13.18 on Wednesday. The company has a 50-day moving average of $12.80 and a 200-day moving average of $14.00. The company has a market capitalization of $719.10 million, a P/E ratio of 8.04 and a beta of 0.64. SLR Investment has a 1-year low of $12.13 and a 1-year high of $16.83. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04.

SLR Investment (NASDAQ:SLRC – Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. The business had revenue of $20.50 million for the quarter, compared to analyst estimates of $48.82 million. Equities analysts expect that SLR Investment will post 1.32 EPS for the current fiscal year.

About SLR Investment

(Get Free Report)

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.

See Also

• Five stocks we like better than SLR Investment
• Palantir Soars 30% After Blockbuster Earnings—Is the Rally Just Getting Started?
• Visa’s BioCatch Deal Could Make Fraud Prevention a Bigger Business
• Caterpillar’s Record Quarter May Have Reset the Stock’s Ceiling
• The Real Reason Amazon Hit a $3 Trillion Valuation

Receive News & Ratings for SLR Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLR Investment and related companies with MarketBeat.com's FREE daily email newsletter.