THL Credit, Inc. (NASDAQ:TCRD) declared a quarterly dividend on Tuesday, August 6th, NASDAQ reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.21 per share by the investment management company on Monday, September 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.03%. The ex-dividend date of this dividend is Friday, September 13th.

THL Credit has decreased its dividend payment by an average of 7.4% annually over the last three years. THL Credit has a payout ratio of 73.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect THL Credit to earn $0.84 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 100.0%.

THL Credit stock traded up $0.03 during mid-day trading on Wednesday, hitting $6.98. 6,609 shares of the company were exchanged, compared to its average volume of 64,702. THL Credit has a 12-month low of $5.80 and a 12-month high of $8.75. The company has a market capitalization of $216.25 million, a P/E ratio of 6.54 and a beta of 1.04. The business’s 50 day simple moving average is $6.65 and its two-hundred day simple moving average is $6.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.18 and a quick ratio of 0.18.

THL Credit (NASDAQ:TCRD) last issued its quarterly earnings results on Thursday, August 8th. The investment management company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. THL Credit had a negative net margin of 45.45% and a positive return on equity of 10.65%. The business had revenue of $15.36 million during the quarter, compared to the consensus estimate of $14.24 million. Equities research analysts predict that THL Credit will post 0.94 earnings per share for the current year.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of THL Credit from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. ValuEngine raised shares of THL Credit from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.00.

About THL Credit

THL Credit, Inc is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers.

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Dividend History for THL Credit (NASDAQ:TCRD)

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