WhiteHorse Finance, Inc. (WHF) To Go Ex-Dividend on March 12th

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Free Report) declared a quarterly dividend on Sunday, March 1st. Stockholders of record on Thursday, March 12th will be given a dividend of 0.25 per share by the investment management company on Monday, April 6th. This represents a c) annualized dividend and a dividend yield of 14.7%. The ex-dividend date is Thursday, March 12th.

WhiteHorse Finance has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. WhiteHorse Finance has a payout ratio of 87.7% indicating that 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 $1.46 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 68.5%.

WhiteHorse Finance Price Performance

Shares of NASDAQ:WHF traded up $0.10 during midday trading on Tuesday, hitting $6.82. 122,525 shares of the stock were exchanged, compared to its average volume of 117,337. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.22. WhiteHorse Finance has a twelve month low of $6.07 and a twelve month high of $11.01. The company has a 50 day moving average price of $6.75 and a 200-day moving average price of $7.27. The stock has a market cap of $158.50 million, a P/E ratio of 15.86 and a beta of 0.56.

WhiteHorse Finance (NASDAQ:WHFGet Free Report) last released its quarterly earnings results on Monday, March 2nd. The investment management company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. WhiteHorse Finance had a net margin of 12.91% and a return on equity of 9.93%. The firm had revenue of $17.34 million for the quarter, compared to the consensus estimate of $16.91 million. On average, research analysts forecast that WhiteHorse Finance will post 1.66 earnings per share for the current year.

WhiteHorse Finance News Summary

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WhiteHorse Finance Company Profile

(Get Free Report)

WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.

The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.

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Dividend History for WhiteHorse Finance (NASDAQ:WHF)

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