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

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Thursday, August 6th. Investors of record on Thursday, October 15th will be given a dividend of 0.09 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Thursday, October 15th.

Portman Ridge Finance Stock Performance

BCIC stock traded up $0.12 during trading on Friday, hitting $7.51. 104,791 shares of the company’s stock traded hands, compared to its average volume of 84,502. Portman Ridge Finance has a 52 week low of $6.70 and a 52 week high of $13.50. The firm has a market capitalization of $92.97 million, a PE ratio of -31.16 and a beta of 0.50. The firm has a fifty day simple moving average of $7.30. The company has a debt-to-equity ratio of 1.74, a current ratio of 4.43 and a quick ratio of 4.43.

About Portman Ridge Finance

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.