WhiteHorse Finance, Inc. (WHF) to Issue Quarterly Dividend of $0.39 on April 4th

WhiteHorse Finance, Inc. (NASDAQ:WHF) announced a quarterly dividend on Friday, March 7th, RTT News reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.385 per share by the investment management company on Friday, April 4th. This represents a $1.54 annualized dividend and a yield of 15.10%. The ex-dividend date of this dividend is Friday, March 21st.

WhiteHorse Finance has raised its dividend by an average of 4.3% annually over the last three years. WhiteHorse Finance has a dividend payout ratio of 119.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect WhiteHorse Finance to earn $1.46 per share next year, which means the company may not be able to cover its $1.54 annual dividend with an expected future payout ratio of 105.5%.

WhiteHorse Finance Price Performance

NASDAQ WHF opened at $10.20 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The company has a fifty day simple moving average of $10.38 and a 200 day simple moving average of $10.84. The company has a market cap of $237.08 million, a P/E ratio of 22.67 and a beta of 1.25. WhiteHorse Finance has a 1 year low of $9.45 and a 1 year high of $13.44.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Friday, March 7th. The investment management company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). WhiteHorse Finance had a net margin of 10.65% and a return on equity of 12.86%. The company had revenue of $21.01 million during the quarter, compared to the consensus estimate of $22.43 million. During the same period last year, the company earned $0.46 earnings per share. On average, sell-side analysts predict that WhiteHorse Finance will post 1.66 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on shares of WhiteHorse Finance from $9.50 to $9.00 and set an “underweight” rating for the company in a research note on Monday, March 10th.

About WhiteHorse Finance

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.