Portman Ridge Finance Corp (BCIC) To Go Ex-Dividend on January 15th

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a monthly dividend on Wednesday, November 11th. Shareholders of record on Friday, January 15th will be paid a dividend of $0.09 per share on Friday, January 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 19.5%. The ex-dividend date of this dividend is Friday, January 15th.

Portman Ridge Finance Price Performance

Shares of BCIC stock opened at $5.55 on Friday. Portman Ridge Finance has a 1 year low of $5.36 and a 1 year high of $13.44. The firm’s 50 day moving average is $6.65 and its 200-day moving average is $7.96. The firm has a market capitalization of $68.71 million, a price-to-earnings ratio of 3.40 and a beta of 0.55. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.56.

About Portman Ridge Finance

Portman Ridge Finance Corporation is a business development company that provides financing to privately owned, primarily middle-market companies in the United States. The company invests across the capital structure, with a focus on senior secured loans, subordinated debt and, in some cases, equity securities. Through its investment portfolio, Portman Ridge seeks to support companies with acquisition financing, recapitalizations, refinancing and general corporate funding. Its investments may include first-lien and second-lien loans, unitranche facilities and other structured credit instruments.