WhiteHorse Finance, Inc. (WHF) To Go Ex-Dividend on May 21st

WhiteHorse Finance, Inc. (NASDAQ:WHF) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Thursday, May 21st will be given a dividend of 0.25 per share by the investment management company on Monday, July 6th. This represents a c) annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend is Thursday, May 21st.

WhiteHorse Finance has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. WhiteHorse Finance has a dividend payout ratio of 87.7% 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 WhiteHorse Finance to earn $0.99 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 101.0%.

WhiteHorse Finance Trading Up 1.5%

NASDAQ WHF opened at $7.40 on Tuesday. WhiteHorse Finance has a fifty-two week low of $6.07 and a fifty-two week high of $9.66. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a 50 day simple moving average of $7.42 and a two-hundred day simple moving average of $7.12. The stock has a market cap of $159.91 million, a P/E ratio of 18.05 and a beta of 0.41.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Thursday, May 7th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). WhiteHorse Finance had a return on equity of 9.47% and a net margin of 13.46%.The business had revenue of $15.90 million during the quarter, compared to analysts’ expectations of $16.35 million. On average, analysts forecast that WhiteHorse Finance will post 1.03 earnings per share for the current year.

About WhiteHorse Finance

WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.

The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests.