Runway Growth Finance Corp. (RWAY) To Go Ex-Dividend on May 18th

Runway Growth Finance Corp. (NASDAQ:RWAY) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Monday, May 18th will be paid a dividend of 0.33 per share on Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 19.8%. The ex-dividend date of this dividend is Monday, May 18th.

Runway Growth Finance has a payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Runway Growth Finance to earn $1.32 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 100.0%.

Runway Growth Finance Stock Down 0.3%

Shares of NASDAQ RWAY opened at $6.65 on Friday. The company has a current ratio of 0.44, a quick ratio of 1.05 and a debt-to-equity ratio of 1.01. Runway Growth Finance has a 12 month low of $6.36 and a 12 month high of $11.40. The firm has a market capitalization of $282.39 million, a PE ratio of -73.89 and a beta of 0.64. The firm has a fifty day simple moving average of $6.83 and a two-hundred day simple moving average of $8.30.

Runway Growth Finance (NASDAQ:RWAY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). Runway Growth Finance had a positive return on equity of 10.87% and a negative net margin of 2.00%.The company had revenue of $29.45 million during the quarter, compared to the consensus estimate of $29.47 million. Equities analysts expect that Runway Growth Finance will post 1.28 earnings per share for the current year.

Runway Growth Finance Company Profile

Runway Growth Finance, Inc is a publicly traded business development company that provides customized debt and equity financing solutions to high?growth, venture?backed companies. The firm specializes in structuring senior secured loans, unitranche facilities, second?lien financings, convertible notes and equity co?investments designed to extend the cash runway for late?stage companies. Runway’s flexible capital offerings are aimed at supporting technology, life sciences and other innovation?driven sectors as they pursue growth initiatives and prepare for liquidity events.

Originally launched in 2017 under the name Saratoga Investment Corp., the company rebranded as Runway Growth Finance in 2020 following the acquisition of an established middle?market credit manager.