WhiteHorse Finance, Inc. (NASDAQ:WHF) Shares Will Pay Quarterly Dividend of $0.25

WhiteHorse Finance, Inc. (NASDAQ:WHF) declared a quarterly dividend on Monday, November 9th. Stockholders of record on Monday, December 21st will be paid a dividend of $0.25 per share by the investment management company on Wednesday, January 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend is Monday, December 21st.

WhiteHorse Finance has decreased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. WhiteHorse Finance has a dividend payout ratio of 87.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect WhiteHorse Finance to earn $0.98 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 102.0%.

WhiteHorse Finance Price Performance

WhiteHorse Finance stock opened at $8.10 on Tuesday. The business has a 50 day simple moving average of $7.42 and a 200 day simple moving average of $7.04. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $173.99 million, a PE ratio of 8.22 and a beta of 0.37. WhiteHorse Finance has a one year low of $6.07 and a one year high of $8.53.

WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Monday, August 10th. The investment management company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). WhiteHorse Finance had a net margin of 26.88% and a return on equity of 8.94%. The company had revenue of $14.37 million during the quarter, compared to the consensus estimate of $15.66 million. On average, sell-side analysts forecast that WhiteHorse Finance will post 0.97 EPS for the current fiscal year.

About WhiteHorse Finance

WhiteHorse Finance, Inc is a business development company that provides financing to privately owned, middle-market businesses in the United States. The company primarily invests in senior secured loans, including first-lien and unitranche loans, and may also provide second-lien and subordinated debt financing.

In addition to debt investments, WhiteHorse Finance may make equity investments and co-investments alongside its lending activities. Its portfolio generally supports acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes for middle-market companies across a range of industries.

WhiteHorse Finance was formed in 2012 and operates as a regulated business development company under the Investment Company Act of 1940.