Portman Ridge Finance Corp (NASDAQ:BCIC) Shares Will Pay Monthly Dividend of $0.09

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a monthly dividend on Wednesday, November 11th. Shareholders of record on Tuesday, February 16th will be paid a dividend of $0.09 per share on Tuesday, March 2nd. This represents a $1.08 annualized dividend and a yield of 16.4%. The ex-dividend date is Tuesday, February 16th.

Portman Ridge Finance Stock Performance

BCIC opened at $6.57 on Thursday. The firm has a market cap of $81.34 million, a P/E ratio of -11.95 and a beta of 0.55. Portman Ridge Finance has a 1-year low of $5.78 and a 1-year high of $13.50. The company has a 50 day simple moving average of $6.69 and a two-hundred day simple moving average of $7.97. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.45 and a quick ratio of 1.45.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corporation is a business development company that provides financing to privately owned, primarily middle-market companies in the United States. The company invests across the capital structure, with a focus on senior secured loans, subordinated debt and, in some cases, equity securities. Through its investment portfolio, Portman Ridge seeks to support companies with acquisition financing, recapitalizations, refinancing and general corporate funding. Its investments may include first-lien and second-lien loans, unitranche facilities and other structured credit instruments.