Portman Ridge Finance Corp (NASDAQ:BCIC) Declares Quarterly Dividend of $0.32

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a quarterly dividend on Thursday, March 5th. Shareholders of record on Monday, March 16th will be given a dividend of 0.32 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 15.2%. The ex-dividend date of this dividend is Monday, March 16th.

Portman Ridge Finance Stock Performance

Shares of BCIC opened at $8.43 on Friday. Portman Ridge Finance has a 12-month low of $8.39 and a 12-month high of $16.42. The stock has a market cap of $104.45 million, a price-to-earnings ratio of 14.79 and a beta of 0.39. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 1.47.

About Portman Ridge Finance

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.