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

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a monthly dividend on Thursday, March 5th. Stockholders of record on Monday, June 15th will be given a dividend of 0.09 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 14.5%. The ex-dividend date of this dividend is Monday, June 15th.

Portman Ridge Finance Stock Performance

Shares of NASDAQ:BCIC traded down $0.05 on Friday, hitting $7.46. 50,383 shares of the company were exchanged, compared to its average volume of 65,396. The firm’s 50 day moving average price is $7.75. Portman Ridge Finance has a one year low of $7.11 and a one year high of $13.50. The company has a debt-to-equity ratio of 1.74, a current ratio of 4.43 and a quick ratio of 4.43. The stock has a market capitalization of $92.35 million, a price-to-earnings ratio of -31.08 and a beta of 0.50.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm’s business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors.