WhiteHorse Finance Inc (WHF) to Issue Quarterly Dividend of $0.36 on October 2nd

WhiteHorse Finance Inc (NASDAQ:WHF) announced a quarterly dividend on Tuesday, August 11th, Wall Street Journal reports. Shareholders of record on Monday, September 21st will be given a dividend of 0.355 per share by the investment management company on Friday, October 2nd. This represents a $1.42 dividend on an annualized basis and a yield of 13.27%. The ex-dividend date is Friday, September 18th.

WhiteHorse Finance has a dividend payout ratio of 121.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect WhiteHorse Finance to earn $1.30 per share next year, which means the company may not be able to cover its $1.42 annual dividend with an expected future payout ratio of 109.2%.

WhiteHorse Finance stock opened at $10.70 on Wednesday. The stock has a market capitalization of $219.89 million, a price-to-earnings ratio of 12.30 and a beta of 1.39. The stock has a 50 day moving average of $10.41 and a two-hundred day moving average of $9.86. WhiteHorse Finance has a twelve month low of $5.51 and a twelve month high of $14.45. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Monday, August 10th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $13.82 million for the quarter, compared to analysts’ expectations of $14.99 million. WhiteHorse Finance had a return on equity of 9.08% and a net margin of 27.50%. Equities analysts predict that WhiteHorse Finance will post 1.14 earnings per share for the current year.

A number of equities analysts have recently issued reports on WHF shares. Zacks Investment Research raised WhiteHorse Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Oppenheimer reaffirmed a “buy” rating and issued a $13.00 price objective on shares of WhiteHorse Finance in a research note on Monday, August 10th. Finally, Deutsche Bank raised their price objective on WhiteHorse Finance from $11.00 to $11.50 and gave the company a “buy” rating in a research note on Monday, August 17th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.42.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.

Further Reading: Limitations of the P/E Growth ratio

Dividend History for WhiteHorse Finance (NASDAQ:WHF)

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