Runway Growth Finance Corp. (RWAY) to Distribute Quarterly Dividend of $0.33 on August 31st

Runway Growth Finance Corp. (NASDAQ:RWAY – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.33 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 19.1%. The ex-dividend date is Monday, August 17th.

Runway Growth Finance has a payout ratio of 85.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Runway Growth Finance to earn $1.27 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 103.9%.

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Runway Growth Finance Trading Down 0.7%

Shares of RWAY opened at $6.92 on Friday. Runway Growth Finance has a 52-week low of $5.19 and a 52-week high of $10.99. The stock has a market cap of $290.02 million, a PE ratio of 62.91 and a beta of 0.66. The firm’s fifty day moving average is $5.73 and its two-hundred day moving average is $6.74. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.38.

Runway Growth Finance (NASDAQ:RWAY – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. The business had revenue of $37.03 million during the quarter, compared to analysts’ expectations of $31.06 million. Runway Growth Finance had a net margin of 5.82% and a return on equity of 11.73%. Research analysts forecast that Runway Growth Finance will post 1.28 earnings per share for the current fiscal year.

Runway Growth Finance Company Profile

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Runway Growth Finance, Inc is a publicly traded business development company that provides customized debt and equity financing solutions to high‐growth, venture‐backed companies. The firm specializes in structuring senior secured loans, unitranche facilities, second‐lien financings, convertible notes and equity co‐investments designed to extend the cash runway for late‐stage companies. Runway’s flexible capital offerings are aimed at supporting technology, life sciences and other innovation‐driven sectors as they pursue growth initiatives and prepare for liquidity events.

Originally launched in 2017 under the name Saratoga Investment Corp., the company rebranded as Runway Growth Finance in 2020 following the acquisition of an established middle‐market credit manager.

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