SLR Investment Corp. (SLRC) to Issue Quarterly Dividend of $0.31 on December 28th

SLR Investment Corp. (NASDAQ:SLRC) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Monday, December 14th will be paid a dividend of $0.31 per share by the financial services provider on Monday, December 28th. This represents a $1.24 annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, December 14th.

SLR Investment has a payout ratio of 76.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect SLR Investment to earn $1.32 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 93.9%.

SLR Investment Trading Up 3.3%

Shares of SLR Investment stock opened at $12.19 on Thursday. The firm has a market capitalization of $665.09 million, a PE ratio of 11.50 and a beta of 0.69. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. The firm’s 50 day moving average is $11.83 and its 200 day moving average is $13.37. SLR Investment has a 1 year low of $10.96 and a 1 year high of $16.36.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. SLR Investment had a return on equity of 7.58% and a net margin of 28.75%. The firm had revenue of $49.34 million for the quarter, compared to analyst estimates of $48.93 million. Equities research analysts forecast that SLR Investment will post 1.31 earnings per share for the current fiscal year.

More SLR Investment News

Here are the key news stories impacting SLR Investment this week:

• Positive Sentiment: Net investment income was $0.33 per share, covering the declared $0.31 quarterly distribution. The dividend equates to $1.24 annually, or about a 10% yield. Earnings release
• Positive Sentiment: Revenue of $49.34 million modestly exceeded analyst expectations of $48.93 million, offering a small upside to the quarter. Quarterly earnings results
• Neutral Sentiment: EPS matched the $0.33 consensus, so the result did not deliver an earnings surprise; it was down from $0.40 a year earlier. Zacks earnings coverage
• Negative Sentiment: Coverage highlighted credit risks and a decline in NAV to $17.83, which could raise concerns about portfolio values and future income. Q3 distribution and NAV analysis Earnings call coverage

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.

Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.