SLR Investment Corp. (SLRC) To Go Ex-Dividend on September 11th

SLR Investment Corp. (NASDAQ:SLRC) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, September 11th will be given a dividend of 0.31 per share by the financial services provider on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, September 11th.

SLR Investment has a dividend payout ratio of 76.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect SLR Investment to earn $1.30 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 95.4%.

SLR Investment Trading Down 0.9%

NASDAQ:SLRC opened at $12.46 on Wednesday. The firm has a market capitalization of $679.82 million, a P/E ratio of 9.23 and a beta of 0.64. The business has a 50 day simple moving average of $12.80 and a 200 day simple moving average of $13.58. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09. SLR Investment has a 12-month low of $12.13 and a 12-month high of $16.81.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $20.50 million for the quarter, compared to analysts’ expectations of $48.82 million. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. Equities research analysts predict that SLR Investment will post 1.31 EPS for the current year.

SLR Investment Company Profile

SLR Investment Corp. (NASDAQ: SLRC) is a closed?end, externally managed business development company that provides customized debt and equity financing solutions to middle?market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co?investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor?backed transactions.

SLR Investment Corp.