WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Stock Price Up 0.4% – Here’s What Happened

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL)’s stock price rose 0.4% during mid-day trading on Friday . The company traded as high as $25.61 and last traded at $25.61. Approximately 351 shares changed hands during trading, a decline of 89% from the average daily volume of 3,247 shares. The stock had previously closed at $25.51.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Stock Performance

The stock has a 50 day moving average price of $25.32 and a 200-day moving average price of $25.31.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Sunday, March 1st were issued a dividend of $0.4922 per share. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Friday, February 27th.

WhiteHorse Finance, Inc 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc, an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.

WhiteHorse Finance, Inc operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S.