Harvest Capital Credit Corp (NASDAQ:HCAP) announced a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Thursday, July 18th will be paid a dividend of 0.08 per share by the investment management company on Thursday, July 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.25%. The ex-dividend date is Wednesday, July 17th.
Harvest Capital Credit has decreased its dividend payment by an average of 5.0% annually over the last three years. Harvest Capital Credit has a payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Harvest Capital Credit to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 90.6%.
Shares of HCAP opened at $10.38 on Tuesday. The company has a market cap of $63.88 million, a price-to-earnings ratio of 11.90 and a beta of 0.68. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.44. Harvest Capital Credit has a fifty-two week low of $9.31 and a fifty-two week high of $11.65. The business has a 50 day simple moving average of $10.40.
Harvest Capital Credit (NASDAQ:HCAP) last announced its quarterly earnings data on Tuesday, May 14th. The investment management company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). The business had revenue of $3.04 million during the quarter, compared to the consensus estimate of $3.39 million. Harvest Capital Credit had a return on equity of 7.08% and a net margin of 19.75%. Equities research analysts forecast that Harvest Capital Credit will post 0.71 EPS for the current year.
Separately, Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st.
Harvest Capital Credit Company Profile
Harvest Capital Credit Corporation is a business development company providing structured credit to small businesses and specializing in leveraged buyouts, add-on acquisitions, recapitalizations, growth financings and debt refinancing investments. It prefers to invest in North America-based companies.
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