Portman Ridge Finance Corp (BCIC) To Go Ex-Dividend on September 15th

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Thursday, May 7th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.09 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Portman Ridge Finance Trading Up 6.2%

Shares of BCIC opened at $8.35 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.52 and a current ratio of 2.52. Portman Ridge Finance has a 12 month low of $7.11 and a 12 month high of $13.50. The firm has a 50 day simple moving average of $8.42. The firm has a market capitalization of $103.37 million, a price-to-earnings ratio of -34.79 and a beta of 0.51.

About Portman Ridge Finance

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm’s business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors.