Logan Ridge Finance Co. Declares Quarterly Dividend of $0.36 (NASDAQ:LRFC)

Logan Ridge Finance Co. (NASDAQ:LRFC) declared a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Investors 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 yield of 6.14%. The ex-dividend date is Monday, March 24th.

Logan Ridge Finance has a dividend 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 decline. 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 Price Performance

Logan Ridge Finance stock traded down $1.22 during trading hours on Friday, hitting $23.45. The stock had a trading volume of 8,827 shares, compared to its average volume of 5,412. The stock has a market capitalization of $62.54 million, a price-to-earnings ratio of -18.61 and a beta of 1.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.12 and a quick ratio of 0.12. Logan Ridge Finance has a 1-year low of $20.65 and a 1-year high of $30.00. The stock’s fifty day moving average is $24.52 and its two-hundred day moving average is $24.35.

About Logan Ridge Finance

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.