Runway Growth Finance Corp. (RWAY) To Go Ex-Dividend on August 17th

Runway Growth Finance Corp. (NASDAQ:RWAY) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.33 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 22.1%. The ex-dividend date is Monday, August 17th.

Runway Growth Finance has a dividend payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Runway Growth Finance to earn $1.25 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 105.6%.

Runway Growth Finance Price Performance

RWAY stock opened at $5.98 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.44 and a quick ratio of 0.44. Runway Growth Finance has a one year low of $5.19 and a one year high of $11.20. The stock has a market cap of $253.97 million, a PE ratio of -66.44 and a beta of 0.66. The firm has a 50 day simple moving average of $5.68 and a two-hundred day simple moving average of $6.83.

Runway Growth Finance (NASDAQ:RWAY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.14. Runway Growth Finance had a negative net margin of 2.00% and a positive return on equity of 10.87%. The company had revenue of $37.03 million during the quarter, compared to the consensus estimate of $31.06 million. On average, analysts predict that Runway Growth Finance will post 1.22 EPS for the current fiscal year.

Runway Growth Finance Company Profile

Runway Growth Finance, Inc is a publicly traded business development company that provides customized debt and equity financing solutions to high‐growth, venture‐backed companies. The firm specializes in structuring senior secured loans, unitranche facilities, second‐lien financings, convertible notes and equity co‐investments designed to extend the cash runway for late‐stage companies. Runway’s flexible capital offerings are aimed at supporting technology, life sciences and other innovation‐driven sectors as they pursue growth initiatives and prepare for liquidity events.

Originally launched in 2017 under the name Saratoga Investment Corp., the company rebranded as Runway Growth Finance in 2020 following the acquisition of an established middle‐market credit manager.