WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Free Report) declared a special dividend on Tuesday, October 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.17 per share by the investment management company on Thursday, December 10th. The ex-dividend date is Friday, October 30th.
WhiteHorse Finance has decreased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. WhiteHorse Finance has a 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. Research analysts expect WhiteHorse Finance to earn $0.98 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 102.0%.
WhiteHorse Finance Stock Performance
WhiteHorse Finance stock opened at $7.98 on Wednesday. The business has a fifty day moving average of $7.22 and a two-hundred day moving average of $6.98. WhiteHorse Finance has a twelve month low of $6.07 and a twelve month high of $8.06.
WhiteHorse Finance (NASDAQ:WHF – Get Free Report) last announced its earnings results on Monday, August 10th. The investment management company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.03). The business had revenue of $14.37 million during the quarter, compared to analyst estimates of $15.66 million. On average, equities analysts forecast that WhiteHorse Finance will post 0.97 EPS for the current fiscal year.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a business development company that provides financing to privately owned, middle-market businesses in the United States. The company primarily invests in senior secured loans, including first-lien and unitranche loans, and may also provide second-lien and subordinated debt financing.
In addition to debt investments, WhiteHorse Finance may make equity investments and co-investments alongside its lending activities. Its portfolio generally supports acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes for middle-market companies across a range of industries.
WhiteHorse Finance was formed in 2012 and operates as a regulated business development company under the Investment Company Act of 1940.
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