THL Credit, Inc. (NASDAQ:TCRD) declared a quarterly dividend on Tuesday, August 6th, NASDAQ reports. Investors of record on Monday, September 16th will be given a dividend of 0.21 per share by the investment management company on Monday, September 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.00%. The ex-dividend date of this dividend is Friday, September 13th.
THL Credit has decreased its dividend payment by an average of 7.4% per year over the last three years. THL Credit has a dividend payout ratio of 73.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect THL Credit to earn $0.84 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 100.0%.
NASDAQ TCRD traded up $0.05 during trading on Wednesday, hitting $7.00. The stock had a trading volume of 63,270 shares, compared to its average volume of 64,702. The company has a market capitalization of $216.25 million, a PE ratio of 6.54 and a beta of 1.04. The company’s 50-day moving average price is $6.65 and its two-hundred day moving average price is $6.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.18 and a current ratio of 0.18. THL Credit has a 12 month low of $5.80 and a 12 month high of $8.75.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of THL Credit from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. ValuEngine raised shares of THL Credit from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.00.
THL Credit Company Profile
THL Credit, Inc is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers.
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