Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors. The fund typically invests $1 million to $20 million in its portfolio companies. It provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners.
Portman Ridge Finance Dividend Announcement
• Portman Ridge Finance announced a quarterly dividend of $0.69 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-08-22
• Portman Ridge Finance annual dividend for 2024 was $2.07
• Portman Ridge Finance annual dividend for 2023 was $2.75
• Portman Ridge Finance's trailing twelve-month (TTM) dividend yield is 15.05%
• Portman Ridge Finance's payout ratio for the trailing twelve months (TTM) is 204.09%
• Portman Ridge Finance's dividend growth over the last five years (2018-2023) was 47.05% year
• Portman Ridge Finance's dividend growth over the last ten years (2013-2023) was 10.00% year
Portman Ridge Finance Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-22 | $0.69 | quarterly | 2024-08-30 |
| 2024-05-20 | $0.69 | quarterly | 2024-05-31 |
| 2024-03-22 | $0.69 | quarterly | 2024-04-02 |
| 2023-11-17 | $0.69 | quarterly | 2023-11-30 |
| 2023-08-21 | $0.69 | quarterly | 2023-08-31 |
| 2023-05-19 | $0.69 | quarterly | 2023-05-31 |
| 2023-03-17 | $0.68 | quarterly | 2023-03-31 |
| 2022-11-22 | $0.67 | quarterly | 2022-12-13 |
| 2022-08-15 | $0.63 | quarterly | 2022-09-02 |
| 2022-05-23 | $0.63 | quarterly | 2022-06-07 |
| 2022-03-18 | $0.63 | quarterly | 2022-03-30 |
| 2021-11-12 | $0.62 | quarterly | 2021-11-30 |
| 2021-08-16 | $0.06 | quarterly | 2021-08-31 |
| 2021-05-18 | $0.06 | quarterly | 2021-06-01 |
| 2021-02-19 | $0.06 | quarterly | 2021-03-02 |
| 2020-10-23 | $0.06 | quarterly | 2020-11-27 |
| 2020-08-14 | $0.06 | quarterly | 2020-08-28 |
| 2020-05-06 | $0.06 | quarterly | 2020-05-27 |
| 2020-02-14 | $0.06 | quarterly | 2020-02-28 |
| 2019-11-14 | $0.06 | quarterly | 2019-11-29 |
| 2019-08-09 | $0.06 | quarterly | 2019-08-29 |
| 2019-04-02 | $0.67 | quarterly | 2019-04-26 |
| 2019-01-04 | $0.10 | quarterly | 2019-01-31 |
| 2018-10-05 | $0.10 | quarterly | 2018-10-29 |
| 2018-07-05 | $0.10 | quarterly | 2018-07-26 |
| 2018-04-05 | $0.10 | quarterly | 2018-04-27 |
| 2018-01-04 | $0.10 | quarterly | 2018-01-25 |
| 2017-10-06 | $0.12 | quarterly | 2017-10-26 |
| 2017-07-05 | $0.12 | quarterly | 2017-07-27 |
| 2017-04-05 | $0.12 | quarterly | 2017-04-28 |
| 2017-01-04 | $0.12 | quarterly | 2017-01-27 |
| 2016-10-12 | $0.15 | quarterly | 2016-10-27 |
| 2016-07-05 | $0.15 | quarterly | 2016-07-28 |
| 2016-04-05 | $0.15 | quarterly | 2016-04-28 |
| 2016-01-04 | $0.15 | quarterly | 2016-01-28 |
| 2015-10-09 | $0.21 | quarterly | 2015-10-27 |
| 2015-07-01 | $0.21 | quarterly | 2015-07-27 |
| 2015-04-01 | $0.21 | quarterly | 2015-04-27 |
| 2014-12-24 | $0.25 | quarterly | 2015-01-29 |
| 2014-10-09 | $0.25 | quarterly | 2014-10-29 |
| 2014-07-01 | $0.25 | quarterly | 2014-07-25 |
| 2014-04-02 | $0.25 | quarterly | 2014-04-25 |
| 2013-12-24 | $0.25 | quarterly | 2014-01-27 |
| 2013-10-04 | $0.25 | quarterly | 2013-10-29 |
| 2013-07-02 | $0.28 | quarterly | 2013-07-26 |
| 2013-04-03 | $0.28 | quarterly | 2013-04-26 |
Portman Ridge Finance Dividend per year
Portman Ridge Finance Dividend growth
Portman Ridge Finance Dividend Yield
Portman Ridge Finance current trailing twelve-month (TTM) dividend yield is 15.05%. Interested in purchasing Portman Ridge Finance stock? Use our calculator to estimate your expected dividend yield:
Portman Ridge Finance Financial Ratios
P/E ratio13.58
PEG ratio0.81
P/B ratio0.87
ROE6.01%
Payout ratio204.09%
Current ratio2.31
Quick ratio2.31
Cash Ratio5.84
Portman Ridge Finance Dividend FAQ
How much is the next Portman Ridge Finance dividend?
Portman Ridge Finance's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Portman Ridge Finance dividend. The next Portman Ridge Finance dividend will be released in March, May, August, or November.
When is Portman Ridge Finance dividend paid?
Portman Ridge Finance pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Portman Ridge Finance pay?
The specific amount of Portman Ridge Finance dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Portman Ridge Finance's dividend history.
Does Portman Ridge Finance stock pay dividends?
Yes, Portman Ridge Finance does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Portman Ridge Finance's dividend history.
How much dividend does Portman Ridge Finance pay?
Portman Ridge Finance paid $2.07 in 2024, $2.75 in 2023, $2.56 in 2022, $0.8 in 2021, and $0.24 in 2020.
How often does Portman Ridge Finance pay dividends?
Portman Ridge Finance typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, May, August, and November.
What is Portman Ridge Finance's dividend yield?
The current dividend yield for Portman Ridge Finance is 15.05%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Portman Ridge Finance's exact dividend yield.
When does Portman Ridge Finance go ex dividend?
Portman Ridge Finance's ex-dividend date for the latest dividend was on 2024-08-22. Portman Ridge Finance typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Portman Ridge Finance dividend paid?
Portman Ridge Finance pays dividends on a quarterly basis, typically around March, May, August, or November, but the exact dates can vary each year.
Will Portman Ridge Finance increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Portman Ridge Finance will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Portman Ridge Finance dividend per share?
Portman Ridge Finance paid $2.07 per share in 2024 and $2.75 per share in 2023. The amount of dividend per share that Portman Ridge Finance pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Portman Ridge Finance a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Portman Ridge Finance a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Portman Ridge Finance a dividend stock?
Yes, Portman Ridge Finance is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Portman Ridge Finance a good dividend stock?
Whether Portman Ridge Finance is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Portman Ridge Finance has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Portman 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.
Other factors to consider when evaluating Portman 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.
Does Portman Ridge Finance pay dividends monthly?
Portman Ridge Finance typically pays dividends on a quarterly basis.
Does Portman Ridge Finance pay dividends quarterly?
Portman Ridge Finance currently pays dividends on a quarterly basis.
Has Portman Ridge Finance ever paid a dividend?
Yes, Portman Ridge Finance has a history of paying dividends to its shareholders. Portman Ridge Finance is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Portman Ridge Finance dividend stocks?
To buy Portman Ridge Finance you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Portman Ridge Finance stock.
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.
Place an order: Use the brokerage's trading platform to place an order to buy Portman Ridge Finance stock.
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.
When does Portman Ridge Finance pay dividends 2024?
Portman Ridge Finance pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-30. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Portman Ridge Finance increase its dividend in 2024?
Decisions regarding Portman Ridge Finance dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Portman Ridge Finance dividend overview you can look into the above table of dividend history.
How Portman Ridge Finance dividend works?
The Portman Ridge Finance dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Portman Ridge Finance's dividend process works:
1. Determination of Dividend: Portman 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, Portman 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, Portman 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 Portman 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. Determination of Dividend: Portman 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, Portman 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, Portman 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 Portman 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.
How are Portman Ridge Finance dividends paid?
Portman Ridge Finance dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Portman 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, Portman 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: Portman 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.
1. Record Date: Portman 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, Portman 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: Portman 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.
How many times does Portman Ridge Finance pay dividends?
Portman Ridge Finance typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Portman Ridge Finance pay dividends?
The general pattern is that Portman Ridge Finance pays dividends around March, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Portman Ridge Finance dividend safe?
The safety of Portman Ridge Finance's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Portman 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 Portman 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.
To assess the safety of Portman 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 Portman 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.