Runway Growth Finance Corp. (NASDAQ:RWAY – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.33 per share on Thursday, December 3rd. This represents a $1.32 annualized dividend and a dividend yield of 20.1%. The ex-dividend date is Tuesday, November 17th.
Runway Growth Finance has a dividend payout ratio of 85.7% 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 Runway Growth Finance to earn $1.30 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 101.5%.
Runway Growth Finance Trading Up 1.5%
NASDAQ:RWAY opened at $6.56 on Thursday. The company’s 50 day moving average price is $6.54 and its 200-day moving average price is $6.76. Runway Growth Finance has a 52 week low of $5.19 and a 52 week high of $10.06. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.38. The stock has a market cap of $274.93 million, a price-to-earnings ratio of 59.64 and a beta of 0.70.
Runway Growth Finance (NASDAQ:RWAY – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.14. Runway Growth Finance had a net margin of 5.82% and a return on equity of 11.73%. The company had revenue of $37.03 million during the quarter, compared to the consensus estimate of $31.06 million. On average, equities research analysts forecast that Runway Growth Finance will post 1.39 earnings per share for the current fiscal year.
Runway Growth Finance Company Profile
Runway Growth Finance Corp. is a business development company (BDC) that provides financing to growth-oriented companies, primarily in the technology, life sciences, healthcare, products and services sectors. The company seeks to support businesses that may have limited access to traditional bank financing or require capital to fund expansion, acquisitions, product development and other strategic initiatives.
Its investment activity is centered on senior secured loans, including term loans and other structured debt investments.
Further Reading
- Five stocks we like better than Runway Growth Finance
- 3 AI Infrastructure Plays Beyond Chipmakers
- Keurig Dr Pepper’s Beverage Growth Raises a Tough Question About Its Coffee Split
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
Receive News & Ratings for Runway Growth Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Runway Growth Finance and related companies with MarketBeat.com's FREE daily email newsletter.
