SLR Investment Corp. (NASDAQ:SLRC – Get Free Report) declared 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 yield of 10.28%. The ex-dividend date is Friday, December 13th.
SLR Investment has a payout ratio of 100.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect SLR Investment to earn $1.62 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 101.2%.
SLR Investment Trading Up 0.3 %
SLRC stock traded up $0.05 during mid-day trading on Friday, reaching $15.95. The company had a trading volume of 8,669 shares, compared to its average volume of 157,503. The firm has a 50 day moving average of $15.30 and a 200 day moving average of $15.66. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.04 and a quick ratio of 1.04. SLR Investment has a 12 month low of $14.41 and a 12 month high of $16.77. The company has a market capitalization of $870.23 million, a PE ratio of 8.98 and a beta of 1.12.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. StockNews.com started coverage on SLR Investment in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock. Wells Fargo & Company lowered their price target on shares of SLR Investment from $13.00 to $12.50 and set an “underweight” rating on the stock in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut shares of SLR Investment from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $15.50 to $15.00 in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.13.
View Our Latest Report on SLRC
About SLR Investment
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.
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