Portman Ridge Finance Corp (BCIC) To Go Ex-Dividend on May 18th

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Thursday, May 7th. Investors of record on Monday, May 18th will be paid a dividend of 0.09 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 14.1%. The ex-dividend date of this dividend is Monday, May 18th.

Portman Ridge Finance Stock Down 2.5%

Shares of NASDAQ BCIC opened at $7.67 on Friday. The firm has a 50 day moving average price of $8.01. The stock has a market capitalization of $94.95 million, a price-to-earnings ratio of -31.96 and a beta of 0.51. Portman Ridge Finance has a 52 week low of $7.11 and a 52 week high of $13.50. The company has a current ratio of 4.43, a quick ratio of 2.52 and a debt-to-equity ratio of 1.74.

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.