WhiteHorse Finance Inc Declares Quarterly Dividend of $0.36 (WHF)

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WhiteHorse Finance Inc (NASDAQ:WHF) announced a quarterly dividend on Monday, September 10th, Wall Street Journal reports. Investors of record on Tuesday, September 18th will be given a dividend of 0.355 per share by the investment management company on Wednesday, October 3rd. This represents a $1.42 dividend on an annualized basis and a yield of 9.82%. The ex-dividend date is Monday, September 17th.

WhiteHorse Finance has a dividend payout ratio of 98.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect WhiteHorse Finance to earn $1.55 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 91.6%.

WhiteHorse Finance stock opened at $14.46 on Friday. The firm has a market cap of $290.52 million, a P/E ratio of 10.25 and a beta of 0.64. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.71. WhiteHorse Finance has a 52-week low of $10.92 and a 52-week high of $15.80.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings results on Wednesday, August 8th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.03). The business had revenue of $14.65 million for the quarter, compared to analysts’ expectations of $14.80 million. WhiteHorse Finance had a net margin of 86.68% and a return on equity of 9.61%. equities research analysts predict that WhiteHorse Finance will post 1.44 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on WHF shares. BidaskClub raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Wednesday, June 13th. JPMorgan Chase & Co. upped their price target on shares of WhiteHorse Finance from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, July 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. WhiteHorse Finance currently has a consensus rating of “Hold” and an average target price of $14.25.

WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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Dividend History for WhiteHorse Finance (NASDAQ:WHF)

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