Portman Ridge Finance Corp (NASDAQ:BCIC) Shareholders to Receive $0.09 Monthly Dividend

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Wednesday, November 11th. Investors of record on Monday, March 15th will be given a dividend of $0.09 per share on Tuesday, March 30th. This represents a $1.08 annualized dividend and a yield of 16.4%. The ex-dividend date is Monday, March 15th.

Portman Ridge Finance Trading Down 4.6%

NASDAQ BCIC opened at $6.57 on Thursday. Portman Ridge Finance has a 12 month low of $5.78 and a 12 month high of $13.50. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $81.34 million, a price-to-earnings ratio of -11.95 and a beta of 0.55. The company’s fifty day moving average price is $6.69 and its two-hundred day moving average price is $7.97.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corporation is a business development company that provides financing to privately owned, primarily middle-market companies in the United States. The company invests across the capital structure, with a focus on senior secured loans, subordinated debt and, in some cases, equity securities. Through its investment portfolio, Portman Ridge seeks to support companies with acquisition financing, recapitalizations, refinancing and general corporate funding. Its investments may include first-lien and second-lien loans, unitranche facilities and other structured credit instruments.