WhiteHorse Finance, Inc. (NASDAQ:WHF) Shares Set to Pay Special Dividend of $0.17

WhiteHorse Finance, Inc. (NASDAQ:WHF) declared a special dividend on Tuesday, October 13th. Investors of record on Friday, October 30th will be paid a dividend of $0.17 per share by the investment management company on Thursday, December 10th. The ex-dividend date of this dividend is Friday, October 30th.

WhiteHorse Finance has decreased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. WhiteHorse Finance has a dividend 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 fall. Research analysts expect WhiteHorse Finance to earn $0.98 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 102.0%.

WhiteHorse Finance Stock Performance

NASDAQ WHF opened at $7.40 on Thursday. The stock’s fifty day moving average is $7.08 and its two-hundred day moving average is $6.98. The firm has a market capitalization of $158.95 million, a P/E ratio of 9.37 and a beta of 0.39. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.39 and a current ratio of 1.39. WhiteHorse Finance has a fifty-two week low of $6.07 and a fifty-two week high of $7.84.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Monday, August 10th. The investment management company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.03). WhiteHorse Finance had a net margin of 26.88% and a return on equity of 8.94%. The company had revenue of $14.37 million during the quarter, compared to analysts’ expectations of $15.66 million. On average, research analysts anticipate that WhiteHorse Finance will post 0.97 earnings per share for the current year.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc (NASDAQ: WHF) is a business development company that provides financing to privately owned, primarily lower-middle-market companies. The company seeks to generate income and, to a lesser extent, capital appreciation through investments in a range of industries.

WhiteHorse Finance primarily invests in senior secured loans, including first-lien and second-lien loans, as well as subordinated debt and selected equity investments. Its financing may support acquisitions, recapitalizations, growth initiatives, refinancing transactions and other general corporate purposes.

The company focuses mainly on U.S.-based middle-market businesses and works with companies that may have limited access to traditional bank financing.