Logan Ridge Finance Co. Plans Quarterly Dividend of $0.33 (NASDAQ:LRFC)

Logan Ridge Finance Co. (NASDAQ:LRFC) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Thursday, August 22nd will be paid a dividend of 0.33 per share on Friday, August 30th. This represents a $1.32 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Thursday, August 22nd.

Logan Ridge Finance has a dividend payout ratio of 94.3% 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 Logan Ridge Finance to earn $1.40 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 94.3%.

Logan Ridge Finance Trading Down 0.3 %

Shares of NASDAQ LRFC opened at $21.70 on Tuesday. Logan Ridge Finance has a 1-year low of $19.82 and a 1-year high of $23.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.12 and a quick ratio of 0.12. The business’s 50 day moving average is $22.19 and its two-hundred day moving average is $22.31. The stock has a market capitalization of $58.06 million, a P/E ratio of -127.62 and a beta of 1.31.

Logan Ridge Finance Company Profile

Logan Ridge Finance Corporation, formerly known as, Capitala Finance Corp. is a Business Development Company specializing in senior subordinated debt and unitranche debt, unitranche loan, first-lien and second-lien loans, lower middle market and middle market, equity co-investment in sponsored companies.