PhenixFIN Co. (NYSE:PFX) to Issue $0.07 Dividend

Key Points

• PhenixFIN declared a $0.07 per-share dividend, with shareholders of record on May 18 and payment on May 28 (ex-dividend date May 18).
• The dividend is currently covered (reported payout ratio 56.5%), and analysts forecast $3.72 EPS next year — implying a much lower expected payout ratio of 12.9% on a $0.48 annual dividend.
• Shares trade around $40.36 with a market cap of about $80.6 million and a low P/E of 4.95, and a one‑year range of $38.30 to $53.59.

PhenixFIN Co. (NYSE:PFX - Get Free Report) declared a dividend on Tuesday, May 5th. Shareholders of record on Monday, May 18th will be given a dividend of 0.07 per share on Thursday, May 28th. The ex-dividend date of this dividend is Monday, May 18th.

PhenixFIN has a dividend payout ratio of 56.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect PhenixFIN to earn $3.72 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 12.9%.

PhenixFIN Trading Up 1.4%

NYSE:PFX opened at $40.36 on Wednesday. The stock has a fifty day moving average price of $41.16 and a two-hundred day moving average price of $42.86. The stock has a market capitalization of $80.64 million, a price-to-earnings ratio of 4.95 and a beta of 0.27. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21. PhenixFIN has a 1 year low of $38.30 and a 1 year high of $53.59.

PhenixFIN Company Profile

PhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.

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