WhiteHorse Finance, Inc. (NASDAQ:WHF) to Issue Quarterly Dividend of $0.39

WhiteHorse Finance, Inc. (NASDAQ:WHF) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Tuesday, June 18th will be given a dividend of 0.385 per share by the investment management company on Tuesday, July 2nd. This represents a $1.54 dividend on an annualized basis and a yield of 11.98%. The ex-dividend date is Tuesday, June 18th.

WhiteHorse Finance has increased its dividend payment by an average of 8.4% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. WhiteHorse Finance has a dividend payout ratio of 92.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect WhiteHorse Finance to earn $1.66 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 92.8%.

WhiteHorse Finance Trading Down 0.5 %

WhiteHorse Finance stock opened at $12.85 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.22. WhiteHorse Finance has a 12 month low of $11.30 and a 12 month high of $13.69. The company’s fifty day simple moving average is $12.59 and its 200-day simple moving average is $12.50. The stock has a market cap of $298.67 million, a P/E ratio of 14.68 and a beta of 1.24.

WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Thursday, February 29th. The investment management company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $25.63 million for the quarter, compared to analyst estimates of $25.33 million. WhiteHorse Finance had a return on equity of 13.20% and a net margin of 19.77%. As a group, sell-side analysts forecast that WhiteHorse Finance will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. decreased their price objective on shares of WhiteHorse Finance from $12.00 to $11.50 and set an “underweight” rating for the company in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, WhiteHorse Finance presently has an average rating of “Hold” and a consensus target price of $12.81.

About WhiteHorse Finance

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.