WhiteHorse Finance Inc (NASDAQ:WHF) announced a quarterly dividend on Monday, September 10th, Wall Street Journal reports. Investors of record on Tuesday, September 18th will be paid a dividend of 0.355 per share by the investment management company on Wednesday, October 3rd. This represents a $1.42 annualized dividend and a yield of 9.82%. The ex-dividend date of this dividend is Monday, September 17th.

WhiteHorse Finance has a dividend payout ratio of 98.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect WhiteHorse Finance to earn $1.55 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 91.6%.

Shares of NASDAQ WHF opened at $14.46 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $290.52 million, a P/E ratio of 10.25 and a beta of 0.64. WhiteHorse Finance has a 12-month low of $10.92 and a 12-month high of $15.80.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Wednesday, August 8th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $14.65 million for the quarter, compared to the consensus estimate of $14.80 million. WhiteHorse Finance had a net margin of 86.68% and a return on equity of 9.61%. equities research analysts anticipate that WhiteHorse Finance will post 1.44 EPS for the current year.

WHF has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of WhiteHorse Finance from a “strong sell” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of WhiteHorse Finance from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.25.

WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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Dividend History for WhiteHorse Finance (NASDAQ:WHF)

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