WhiteHorse Finance, Inc. (NASDAQ:WHF) Announces Quarterly Dividend of $0.25

WhiteHorse Finance, Inc. (NASDAQ:WHF) declared a quarterly dividend on Monday, November 10th. Stockholders of record on Monday, December 22nd will be given a dividend of 0.25 per share by the investment management company on Monday, January 5th. This represents a c) dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date of this dividend is Monday, December 22nd.

WhiteHorse Finance has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. WhiteHorse Finance has a payout ratio of 135.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect WhiteHorse Finance to earn $1.46 per share next year, which means the company may not be able to cover its $1.54 annual dividend with an expected future payout ratio of 105.5%.

WhiteHorse Finance Stock Performance

NASDAQ:WHF traded down $0.36 during midday trading on Monday, reaching $6.75. The stock had a trading volume of 611,448 shares, compared to its average volume of 101,334. The stock has a market cap of $156.89 million, a P/E ratio of 45.00 and a beta of 0.79. The firm has a fifty day simple moving average of $7.50 and a two-hundred day simple moving average of $8.44. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.32. WhiteHorse Finance has a 12-month low of $6.39 and a 12-month high of $11.31.

WhiteHorse Finance (NASDAQ:WHF) last posted its quarterly earnings results on Thursday, August 7th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). WhiteHorse Finance had a return on equity of 10.72% and a net margin of 4.36%.The firm had revenue of $18.84 million for the quarter, compared to analysts’ expectations of $19.33 million. On average, equities analysts expect that WhiteHorse Finance will post 1.66 EPS for the current year.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.