Portman Ridge Finance Corp (BCIC) to Distribute Monthly Dividend of $0.09 on October 30th

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Thursday, August 6th. Stockholders of record on Thursday, October 15th will be paid 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 Up 1.5%

Shares of NASDAQ BCIC opened at $7.50 on Friday. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 1.74. The stock’s 50 day simple moving average is $7.30. The firm has a market capitalization of $92.85 million, a P/E ratio of -13.64 and a beta of 0.50. Portman Ridge Finance has a twelve month low of $6.70 and a twelve month high of $13.50.

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.