WhiteHorse Finance, Inc. (WHF) To Go Ex-Dividend on June 18th

WhiteHorse Finance, Inc. (NASDAQ:WHF) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Tuesday, June 18th will be given a dividend of 0.385 per share by the investment management company on Tuesday, July 2nd. This represents a $1.54 annualized dividend and a yield of 11.98%. The ex-dividend date is Tuesday, June 18th.

WhiteHorse Finance has raised its dividend payment by an average of 8.4% per year over the last three years and has increased its dividend every year for the last 2 years. WhiteHorse Finance has a dividend payout ratio of 92.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect WhiteHorse Finance to earn $1.66 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 92.8%.

WhiteHorse Finance Stock Down 0.5 %

Shares of NASDAQ WHF opened at $12.85 on Friday. The stock has a 50-day moving average price of $12.59 and a two-hundred day moving average price of $12.50. WhiteHorse Finance has a 12 month low of $11.30 and a 12 month high of $13.69. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.22. The company has a market cap of $298.67 million, a price-to-earnings ratio of 14.68 and a beta of 1.24.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Thursday, February 29th. The investment management company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $25.63 million during the quarter, compared to the consensus estimate of $25.33 million. WhiteHorse Finance had a net margin of 19.77% and a return on equity of 13.20%. As a group, analysts forecast that WhiteHorse Finance will post 1.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Friday, March 1st. StockNews.com upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.81.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.