SLR Investment Corp. Announces Quarterly Dividend of $0.31 (NASDAQ:SLRC)

SLR Investment Corp. (NASDAQ:SLRC) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, September 11th will be paid a dividend of 0.31 per share by the financial services provider on Friday, September 25th. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Friday, September 11th.

SLR Investment has a dividend payout ratio of 76.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect SLR Investment to earn $1.31 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 94.7%.

SLR Investment Trading Down 1.3%

Shares of SLRC stock opened at $13.02 on Wednesday. The firm has a market capitalization of $710.10 million, a P/E ratio of 7.94 and a beta of 0.64. SLR Investment has a 1 year low of $12.13 and a 1 year high of $16.83. The firm’s fifty day simple moving average is $12.80 and its 200 day simple moving average is $14.00. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15.

SLR Investment (NASDAQ:SLRC) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The firm had revenue of $20.50 million during the quarter, compared to the consensus estimate of $48.82 million. SLR Investment had a net margin of 41.81% and a return on equity of 8.33%. As a group, sell-side analysts predict that SLR Investment will post 1.32 EPS for the current year.

SLR Investment Company Profile

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.