PhenixFIN Co. (PFX) To Go Ex-Dividend on May 18th

PhenixFIN Co. (NYSE:PFX) announced a special dividend on Tuesday, May 5th. Investors of record on Monday, May 18th will be given a dividend of 0.07 per share on Thursday, May 28th. The ex-dividend date of this dividend is Monday, May 18th.

PhenixFIN has a dividend payout ratio of 56.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PhenixFIN to earn $3.72 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 12.9%.

PhenixFIN Stock Up 3.1%

PhenixFIN stock opened at $40.74 on Friday. The firm has a market cap of $78.75 million, a price-to-earnings ratio of 5.00 and a beta of 0.27. PhenixFIN has a 52 week low of $38.30 and a 52 week high of $53.59. The business’s 50-day moving average price is $40.36 and its 200 day moving average price is $42.59. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87.

About PhenixFIN

PhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.