Logan Ridge Finance Co. (NASDAQ:LRFC) Announces $0.33 Quarterly Dividend

Logan Ridge Finance Co. (NASDAQ:LRFC) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Thursday, August 22nd will be paid a dividend of 0.33 per share on Friday, August 30th. This represents a $1.32 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend is Thursday, August 22nd.

Logan Ridge Finance has a dividend payout ratio of 94.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Logan Ridge Finance to earn $1.40 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 94.3%.

Logan Ridge Finance Stock Up 0.4 %

Shares of NASDAQ LRFC opened at $21.77 on Wednesday. Logan Ridge Finance has a 52-week low of $19.82 and a 52-week high of $23.63. The business’s 50 day moving average is $22.18 and its two-hundred day moving average is $22.31. The firm has a market cap of $58.26 million, a price-to-earnings ratio of -128.06 and a beta of 1.31. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.15.

About Logan Ridge Finance

Logan Ridge Finance Corporation, formerly known as, Capitala Finance Corp. is a Business Development Company specializing in senior subordinated debt and unitranche debt, unitranche loan, first-lien and second-lien loans, lower middle market and middle market, equity co-investment in sponsored companies.