SLR Investment Corp. (NASDAQ:SLRC) Shareholders to Collect $0.31 Quarterly Dividend

SLR Investment Corp. (NASDAQ:SLRC) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Monday, December 14th will be paid a dividend of $0.31 per share by the financial services provider on Monday, December 28th. This represents a $1.24 annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, December 14th.

SLR Investment has a payout ratio of 76.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect SLR Investment to earn $1.32 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 93.9%.

SLR Investment Trading Down 0.1%

Shares of SLRC stock opened at $11.80 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. SLR Investment has a twelve month low of $10.96 and a twelve month high of $16.36. The company’s 50-day moving average price is $11.83 and its 200-day moving average price is $13.38. The stock has a market cap of $643.81 million, a price-to-earnings ratio of 8.74 and a beta of 0.69.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. SLR Investment had a net margin of 35.20% and a return on equity of 7.96%. The firm had revenue of $49.34 million during the quarter, compared to analysts’ expectations of $48.93 million. As a group, equities analysts predict that SLR Investment will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. B. Riley Financial cut shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of SLR Investment from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SLR Investment in a research report on Monday, October 26th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, SLR Investment presently has a consensus rating of “Hold” and a consensus target price of $14.10.

About SLR Investment

SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.

Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.