Logan Ridge Finance Co. (LRFC) To Go Ex-Dividend on March 24th

Logan Ridge Finance Co. (NASDAQ:LRFC) announced a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Stockholders of record on Monday, March 24th will be paid a dividend of 0.36 per share on Monday, March 31st. This represents a $1.44 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend is Monday, March 24th.

Logan Ridge Finance has a 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 fall. Research analysts expect Logan Ridge Finance to earn $1.45 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 91.0%.

Logan Ridge Finance Trading Down 2.4 %

Shares of NASDAQ:LRFC opened at $22.03 on Friday. The company has a market cap of $58.51 million, a P/E ratio of -17.48 and a beta of 1.23. The stock’s 50-day moving average is $24.31 and its 200-day moving average is $24.39. Logan Ridge Finance has a 52-week low of $20.65 and a 52-week high of $26.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.12 and a current ratio of 0.12.

Logan Ridge Finance Company Profile

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.