Portman Ridge Finance Corp (NASDAQ:BCIC) Shareholders to Collect $0.09 Monthly Dividend

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a monthly dividend on Wednesday, November 11th. Shareholders of record on Friday, January 15th will be paid a dividend of $0.09 per share on Friday, January 29th. This represents a $1.08 annualized dividend and a yield of 16.4%. The ex-dividend date of this dividend is Friday, January 15th.

Portman Ridge Finance Trading Down 4.6%

Shares of NASDAQ BCIC opened at $6.57 on Thursday. The stock 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 52-week low of $5.78 and a 52-week high of $13.50. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a 50 day moving average price of $6.69 and a two-hundred day moving average price of $7.97.

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.