Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies. The company was founded in 2021 and is based in New York, New York.
Silver Spike Investment Dividend Announcement
• Silver Spike Investment announced a quarterly dividend of $0.25 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-19
• Silver Spike Investment annual dividend for 2024 was $0.75
• Silver Spike Investment annual dividend for 2023 was $0.85
• Silver Spike Investment's trailing twelve-month (TTM) dividend yield is 11.18%
• Silver Spike Investment's payout ratio for the trailing twelve months (TTM) is 88.75%
Silver Spike Investment Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-19 | $0.25 | quarterly | 2024-09-27 |
2024-06-20 | $0.25 | quarterly | 2024-06-28 |
2024-03-19 | $0.25 | quarterly | 2024-03-28 |
2023-12-19 | $0.45 | quarterly | 2023-12-29 |
2023-09-14 | $0.40 | quarterly | 2023-09-29 |
Silver Spike Investment Dividend per year
Silver Spike Investment Dividend Yield
Silver Spike Investment current trailing twelve-month (TTM) dividend yield is 11.18%. Interested in purchasing Silver Spike Investment stock? Use our calculator to estimate your expected dividend yield:
Silver Spike Investment Financial Ratios
Silver Spike Investment Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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