WhiteHorse Finance, Inc. (WHF) to Issue Quarterly Dividend of $0.25 on January 6th

WhiteHorse Finance, Inc. (NASDAQ:WHF) announced a quarterly dividend on Monday, November 9th. Stockholders of record on Monday, December 21st will be paid a dividend of $0.25 per share by the investment management company on Wednesday, January 6th. This represents a $1.00 annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Monday, December 21st.

WhiteHorse Finance has decreased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. WhiteHorse Finance has a payout ratio of 87.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Price Performance

Shares of WHF opened at $8.05 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.29. WhiteHorse Finance has a twelve month low of $6.07 and a twelve month high of $8.53. The firm has a market capitalization of $172.91 million, a price-to-earnings ratio of 8.18 and a beta of 0.37. The firm’s fifty day simple moving average is $7.44 and its 200-day simple moving average is $7.05.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Monday, November 9th. The investment management company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.03). WhiteHorse Finance had a return on equity of 8.53% and a net margin of 39.44%. The firm had revenue of $14.83 million for the quarter, compared to analyst estimates of $15.19 million. Equities analysts forecast that WhiteHorse Finance will post 0.97 EPS for the current fiscal year.

About WhiteHorse Finance

WhiteHorse Finance, Inc. is a business development company that provides financing to privately owned, middle-market businesses in the United States. The company primarily invests in senior secured loans, including first-lien and unitranche loans, and may also provide second-lien and subordinated debt financing. In addition to debt investments, WhiteHorse Finance may make equity investments and co-investments alongside its lending activities. Its portfolio generally supports acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes for middle-market companies across a range of industries.