WhiteHorse Finance, Inc. (WHF) to Issue Special Dividend of $0.17 on December 10th

WhiteHorse Finance, Inc. (NASDAQ:WHF) declared a special dividend on Tuesday, October 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.17 per share by the investment management company on Thursday, December 10th. The ex-dividend date is Friday, October 30th.

WhiteHorse Finance has decreased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 3 years. WhiteHorse Finance has a payout ratio of 87.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect WhiteHorse Finance to earn $0.98 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 102.0%.

WhiteHorse Finance Trading Up 0.4%

NASDAQ:WHF opened at $7.40 on Thursday. WhiteHorse Finance has a one year low of $6.07 and a one year high of $7.84. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $158.95 million, a P/E ratio of 9.37 and a beta of 0.39. The firm has a 50-day simple moving average of $7.08 and a 200-day simple moving average of $6.98.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly earnings data on Monday, August 10th. The investment management company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). The business had revenue of $14.37 million for the quarter, compared to the consensus estimate of $15.66 million. WhiteHorse Finance had a net margin of 26.88% and a return on equity of 8.94%. Equities analysts anticipate that WhiteHorse Finance will post 0.97 EPS for the current fiscal year.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc (NASDAQ: WHF) is a business development company that provides financing to privately owned, primarily lower-middle-market companies. The company seeks to generate income and, to a lesser extent, capital appreciation through investments in a range of industries.

WhiteHorse Finance primarily invests in senior secured loans, including first-lien and second-lien loans, as well as subordinated debt and selected equity investments. Its financing may support acquisitions, recapitalizations, growth initiatives, refinancing transactions and other general corporate purposes.

The company focuses mainly on U.S.-based middle-market businesses and works with companies that may have limited access to traditional bank financing.