Portman Ridge Finance Corp (NASDAQ:BCIC) to Issue Monthly Dividend of $0.09

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Wednesday, November 11th. Investors of record on Monday, March 15th will be paid a dividend of $0.09 per share on Tuesday, March 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date of this dividend is Monday, March 15th.

Portman Ridge Finance Price Performance

BCIC opened at $6.57 on Thursday. The firm has a market cap of $81.34 million, a price-to-earnings ratio of -11.95 and a beta of 0.55. Portman Ridge Finance has a fifty-two week low of $5.78 and a fifty-two week high of $13.50. The company’s 50-day moving average price is $6.69 and its 200 day moving average price is $7.97. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.56.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corporation is a business development company that provides financing to privately owned, primarily middle-market companies in the United States. The company invests across the capital structure, with a focus on senior secured loans, subordinated debt and, in some cases, equity securities. Through its investment portfolio, Portman Ridge seeks to support companies with acquisition financing, recapitalizations, refinancing and general corporate funding. Its investments may include first-lien and second-lien loans, unitranche facilities and other structured credit instruments.