Logan Ridge Finance Corporation, formerly known as, Capitala Finance Corp. is a Business Development Company specializing in senior subordinated debt and unitranche debt, unitranche loan, first-lien and second-lien loans, lower middle market and middle market, equity co-investment in sponsored companies. The fund targets companies in the Aerospace, defense, business services, education, food and beverage, Industrial & Environmental Services, logistics, distribution, media, telecommunication, manufacturing, consumer goods and health-care industries. It typically considers investments in the United States. The fund invests $5 million and $50 million per transaction in companies with EBITDA between $5 million to $50 million and enterprise value less than $250 million. The fund makes minority equity co-investments, alongside management or financial sponsors.
Logan Ridge Finance Dividend Announcement
• Logan Ridge Finance announced a monthly dividend of $0.33 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-08-22
• Logan Ridge Finance annual dividend for 2024 was $0.98
• Logan Ridge Finance annual dividend for 2023 was $0.96
• Logan Ridge Finance's trailing twelve-month (TTM) dividend yield is 5.08%
• Logan Ridge Finance's payout ratio for the trailing twelve months (TTM) is -83.32%
Logan Ridge Finance Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-22 | $0.33 | monthly | 2024-08-30 |
2024-05-20 | $0.33 | monthly | 2024-05-31 |
2024-03-22 | $0.32 | monthly | 2024-04-02 |
2023-11-17 | $0.30 | monthly | 2023-11-30 |
2023-08-21 | $0.26 | monthly | 2023-08-31 |
2023-05-19 | $0.22 | monthly | 2023-05-31 |
2023-03-17 | $0.18 | monthly | 2023-03-31 |
2020-03-20 | $0.08 | monthly | 2020-03-30 |
2020-02-19 | $0.08 | monthly | 2020-02-27 |
2020-01-23 | $0.08 | monthly | 2020-01-30 |
2019-12-20 | $0.08 | monthly | 2019-12-30 |
2019-11-21 | $0.08 | monthly | 2019-11-29 |
2019-10-21 | $0.08 | monthly | 2019-10-29 |
2019-09-19 | $0.08 | monthly | 2019-09-27 |
2019-08-21 | $0.08 | monthly | 2019-08-29 |
2019-07-22 | $0.08 | monthly | 2019-07-30 |
2019-06-19 | $0.08 | monthly | 2019-06-27 |
2019-05-22 | $0.08 | monthly | 2019-05-30 |
2019-04-18 | $0.08 | monthly | 2019-04-29 |
2019-03-20 | $0.08 | monthly | 2019-03-28 |
2019-02-19 | $0.08 | monthly | 2019-02-27 |
2019-01-23 | $0.08 | monthly | 2019-01-30 |
2018-12-19 | $0.08 | monthly | 2018-12-28 |
2018-11-20 | $0.08 | monthly | 2018-11-29 |
2018-10-22 | $0.08 | monthly | 2018-10-30 |
2018-09-19 | $0.08 | monthly | 2018-09-27 |
2018-08-22 | $0.08 | monthly | 2018-08-30 |
2018-07-20 | $0.08 | monthly | 2018-07-30 |
2018-06-19 | $0.08 | monthly | 2018-06-28 |
2018-05-21 | $0.08 | monthly | 2018-05-30 |
2018-04-18 | $0.08 | monthly | 2018-04-27 |
2018-03-22 | $0.08 | monthly | 2018-03-29 |
2018-02-16 | $0.08 | monthly | 2018-02-27 |
2018-01-19 | $0.08 | monthly | 2018-01-30 |
2017-12-19 | $0.08 | monthly | 2017-12-28 |
2017-11-20 | $0.08 | monthly | 2017-11-29 |
2017-10-20 | $0.08 | monthly | 2017-10-30 |
2017-09-19 | $0.13 | monthly | 2017-09-28 |
2017-08-21 | $0.13 | monthly | 2017-08-30 |
2017-07-19 | $0.13 | monthly | 2017-07-28 |
2017-06-19 | $0.13 | monthly | 2017-06-29 |
2017-05-19 | $0.13 | monthly | 2017-05-29 |
2017-04-17 | $0.13 | monthly | 2017-04-27 |
2017-03-21 | $0.13 | monthly | 2017-03-30 |
2017-02-15 | $0.13 | monthly | 2017-02-27 |
2017-01-18 | $0.13 | monthly | 2017-01-30 |
2016-12-19 | $0.13 | monthly | 2016-12-29 |
2016-11-17 | $0.13 | monthly | 2016-11-29 |
2016-10-19 | $0.13 | monthly | 2016-10-28 |
2016-09-20 | $0.16 | monthly | 2016-09-29 |
2016-08-18 | $0.16 | monthly | 2016-08-30 |
2016-07-20 | $0.16 | monthly | 2016-07-29 |
2016-06-17 | $0.16 | monthly | 2016-06-29 |
2016-05-19 | $0.16 | monthly | 2016-05-30 |
2016-04-20 | $0.16 | monthly | 2016-04-28 |
2016-03-18 | $0.16 | monthly | 2016-03-30 |
2016-02-17 | $0.16 | monthly | 2016-02-26 |
2016-01-20 | $0.16 | monthly | 2016-01-28 |
2015-12-18 | $0.21 | monthly | 2015-12-30 |
2015-11-18 | $0.21 | monthly | 2015-11-27 |
2015-10-21 | $0.21 | monthly | 2015-10-29 |
2015-09-21 | $0.21 | monthly | 2015-09-29 |
2015-08-19 | $0.21 | monthly | 2015-08-28 |
2015-07-21 | $0.21 | monthly | 2015-07-30 |
2015-06-18 | $0.21 | monthly | 2015-06-29 |
2015-05-19 | $0.21 | monthly | 2015-05-28 |
2015-04-21 | $0.21 | monthly | 2015-04-29 |
2015-03-19 | $0.21 | monthly | 2015-03-30 |
2015-02-18 | $0.16 | monthly | 2015-02-26 |
2015-01-20 | $0.16 | monthly | 2015-01-29 |
2014-12-17 | $0.16 | monthly | 2014-12-30 |
2014-11-19 | $0.16 | monthly | 2014-11-28 |
2014-10-20 | $0.16 | monthly | 2014-10-30 |
2014-09-10 | $0.47 | monthly | 2014-09-26 |
2014-06-05 | $0.47 | monthly | 2014-06-26 |
2014-03-12 | $0.47 | monthly | 2014-03-26 |
2013-12-06 | $0.47 | monthly | 2013-12-30 |
Logan Ridge Finance Dividend per year
Logan Ridge Finance Dividend growth
Logan Ridge Finance Dividend Yield
Logan Ridge Finance current trailing twelve-month (TTM) dividend yield is 5.08%. Interested in purchasing Logan Ridge Finance stock? Use our calculator to estimate your expected dividend yield:
Logan Ridge Finance Financial Ratios
Logan Ridge Finance Dividend FAQ
Other factors to consider when evaluating Logan Ridge Finance as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Logan Ridge Finance's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Logan Ridge Finance publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Logan Ridge Finance distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Logan Ridge Finance are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Logan Ridge Finance sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Logan Ridge Finance distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Logan Ridge Finance declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Logan Ridge Finance's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Logan Ridge Finance's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.