SLR Investment Corp. (SLRC) To Go Ex-Dividend on December 13th

SLR Investment Corp. (NASDAQ:SLRC) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.41 per share by the financial services provider on Friday, December 27th. This represents a $1.64 annualized dividend and a dividend yield of 9.73%. The ex-dividend date of this dividend is Friday, December 13th.

SLR Investment has a dividend payout ratio of 99.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect SLR Investment to earn $1.64 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 100.0%.

SLR Investment Stock Performance

SLR Investment stock opened at $16.86 on Wednesday. The company has a market cap of $919.88 million, a PE ratio of 9.53 and a beta of 1.14. SLR Investment has a 12 month low of $14.41 and a 12 month high of $16.90. The company has a fifty day moving average price of $15.82 and a two-hundred day moving average price of $15.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06.

SLR Investment (NASDAQ:SLRC) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. The business had revenue of $59.77 million during the quarter, compared to the consensus estimate of $58.48 million. During the same quarter in the prior year, the firm earned $0.42 EPS. Research analysts expect that SLR Investment will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their price objective on SLR Investment from $12.50 to $13.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.25.

SLR Investment Company Profile

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.