SLR Investment Corp. (SLRC) To Go Ex-Dividend on June 12th

SLR Investment Corp. (NASDAQ:SLRCGet Free Report) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, June 12th will be given a dividend of 0.31 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Friday, June 12th.

SLR Investment has a payout ratio of 100.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect SLR Investment to earn $1.60 per share next year, which means the company may not be able to cover its $1.64 annual dividend with an expected future payout ratio of 102.5%.

SLR Investment Price Performance

NASDAQ:SLRC opened at $13.95 on Thursday. SLR Investment has a 1-year low of $13.61 and a 1-year high of $17.19. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $14.85 and a 200 day simple moving average of $15.14. The stock has a market capitalization of $761.04 million, a PE ratio of 8.51 and a beta of 0.71.

SLR Investment (NASDAQ:SLRCGet Free Report) last released its earnings results on Tuesday, May 5th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). SLR Investment had a net margin of 41.81% and a return on equity of 8.32%. The firm had revenue of $47.14 million during the quarter, compared to the consensus estimate of $54.01 million. On average, research analysts expect that SLR Investment will post 1.62 EPS for the current fiscal year.

Key SLR Investment News

Here are the key news stories impacting SLR Investment this week:

SLR Investment Company Profile

(Get Free Report)

SLR Investment Corp. (NASDAQ: SLRC) is a closed‐end, externally managed business development company that provides customized debt and equity financing solutions to middle‐market companies. The firm seeks to generate current income and capital appreciation by investing primarily in senior secured loans, second lien financings, mezzanine debt and equity co‐investments. Its flexible capital approach allows it to structure financing across the capital structure to address a range of sponsor‐backed transactions.

SLR Investment Corp.

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Dividend History for SLR Investment (NASDAQ:SLRC)

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