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

Key Points

• SLR Investment declared a quarterly dividend of $0.31 per share, payable December 28 to shareholders of record December 14. The annualized dividend is $1.24, a stated yield of 10.5%.
• The dividend is currently covered by earnings, with a 76.1% payout ratio; based on analysts’ next-year EPS estimate of $1.32, the projected payout ratio rises to 93.9%.
• SLR reported quarterly EPS of $0.33, matching consensus, while revenue of $49.34 million exceeded the $48.93 million estimate.

SLR Investment Corp. (NASDAQ:SLRC - Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Monday, December 14th will be paid a dividend of $0.31 per share by the financial services provider on Monday, December 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Monday, December 14th.

SLR Investment has a 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 fall. Analysts expect SLR Investment to earn $1.32 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 93.9%.

SLR Investment Stock Down 0.1%

SLR Investment stock opened at $11.80 on Wednesday. The business's 50-day moving average price is $11.83 and its 200 day moving average price is $13.38. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.17. The firm has a market cap of $643.81 million, a price-to-earnings ratio of 8.74 and a beta of 0.69. SLR Investment has a 52 week low of $10.96 and a 52 week high of $16.36.

SLR Investment (NASDAQ:SLRC - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.33. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%. The company had revenue of $49.34 million during the quarter, compared to the consensus estimate of $48.93 million. As a group, sell-side analysts anticipate that SLR Investment will post 1.31 earnings per share for the current year.

About SLR Investment

SLR Investment Corp. NASDAQ: SLRC is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.

Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.

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