WhiteHorse Finance, Inc. (NASDAQ:WHF) Shareholders to Get $0.25 Quarterly Dividend

Key Points

• WhiteHorse Finance declared a $0.25 quarterly dividend, equivalent to $1.00 annually and a reported 12.3% yield.
• The dividend is covered by current earnings, but coverage may weaken: analysts forecast $0.98 per share next year, below the $1.00 annual dividend.
• Quarterly results missed expectations: earnings were $0.22 per share versus a $0.25 consensus, while revenue of $14.83 million fell short of the $15.19 million estimate.

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) announced a quarterly dividend on Monday, November 9th. Stockholders of record on Monday, December 21st will be given a dividend of $0.25 per share by the investment management company on Wednesday, January 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date is Monday, December 21st.

WhiteHorse Finance has decreased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 3 years. WhiteHorse Finance has a payout ratio of 87.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Equities research analysts expect WhiteHorse Finance to earn $0.98 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 102.0%.

WhiteHorse Finance Stock Performance

Shares of NASDAQ WHF traded down $0.29 during trading hours on Monday, reaching $8.10. The stock had a trading volume of 119,062 shares, compared to its average volume of 96,682. The firm has a market cap of $173.96 million, a price-to-earnings ratio of 10.25 and a beta of 0.37. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.29. WhiteHorse Finance has a fifty-two week low of $6.07 and a fifty-two week high of $8.53. The firm has a 50-day moving average of $7.40 and a 200-day moving average of $7.04.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last released its quarterly earnings results on Monday, November 9th. The investment management company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.03). The firm had revenue of $14.83 million for the quarter, compared to analyst estimates of $15.19 million. WhiteHorse Finance had a return on equity of 8.94% and a net margin of 26.88%. Equities research analysts predict that WhiteHorse Finance will post 0.97 earnings per share for the current year.

WhiteHorse Finance News Roundup

Here are the key news stories impacting WhiteHorse Finance this week:

• Positive Sentiment: WhiteHorse declared a quarterly distribution of $0.25 per share, payable for the quarter ending December 31, 2026. Company earnings release
• Neutral Sentiment: The company expects a sale involving Chase within the next two to four months, while a special committee review remains ongoing. The timing could provide an update on the matter, but the reports do not specify the sale’s financial impact. Chase sale update
• Negative Sentiment: Third-quarter earnings were $0.22 per share, below the $0.25 analyst consensus and down from $0.26 a year earlier. Revenue of $14.83 million also missed expectations of $15.19 million. The earnings and revenue shortfalls are the clearest negative catalysts for WHF. Q3 earnings and revenue results

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is a business development company that provides financing to privately owned, middle-market businesses in the United States. The company primarily invests in senior secured loans, including first-lien and unitranche loans, and may also provide second-lien and subordinated debt financing.

In addition to debt investments, WhiteHorse Finance may make equity investments and co-investments alongside its lending activities. Its portfolio generally supports acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes for middle-market companies across a range of industries.

WhiteHorse Finance was formed in 2012 and operates as a regulated business development company under the Investment Company Act of 1940.

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