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PTMN Portman Ridge Finance dividend history, payout ratio & dates

Portman Ridge Finance's latest quarterly dividend was on Mar 22, 2024 (ex-date) with a payout of $0.69 per share. On an annualized basis, the company has a current payout of $2.76 per share. This brings the dividend yield to 13.47% based on its recent close price.

Key dates

  • PTMN last dividend date: Mar 22, 2024
  • PTMN next dividend date: May 20, 2024
PTMN dividend stats
DPS
$2.76
Dividend yield
13.47%
Payout ratio
165.3%
vs. Financial Services sector
Dividend yield
3.3%
Payout ratio
40.8%

Dividend yield

What is Portman Ridge Finance current dividend yield

Portman Ridge Finance's dividend yield of 13.47% is higher than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 3.3%, Portman Ridge Finance's dividend yield is 308% higher. The historical 5-year average of PTMN's dividend yield is 13.6%, which is in line with the current one.

Dividend history

What is PTMN dividend payout history and dates

Portman Ridge Finance has been paying dividends since 2007. PTMN has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 6% since twelve months ago. And with the price of the stock down by 2.1% from a year ago, the dividend yield has an increase of 8%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 22, 2024 Apr 2, 2024 Mar 13, 2024 $0.69 normal
Nov 17, 2023 Nov 30, 2023 Nov 8, 2023 $0.69 normal
Aug 21, 2023 Aug 31, 2023 Aug 9, 2023 $0.69 normal
May 19, 2023 May 31, 2023 May 10, 2023 $0.69 normal
Mar 17, 2023 Mar 31, 2023 Mar 9, 2023 $0.68 normal
Nov 22, 2022 Dec 13, 2022 Nov 8, 2022 $0.67 normal
Aug 15, 2022 Sep 2, 2022 Aug 9, 2022 $0.63 normal
May 23, 2022 Jun 7, 2022 $0.63 normal
Mar 18, 2022 Mar 30, 2022 Mar 10, 2022 $0.63 normal
Nov 12, 2021 Nov 30, 2021 Nov 4, 2021 $0.62 normal
Aug 16, 2021 Aug 31, 2021 Aug 5, 2021 $0.6 normal
May 18, 2021 Jun 1, 2021 May 6, 2021 $0.6 normal
Feb 19, 2021 Mar 2, 2021 Feb 12, 2021 $0.6 normal
Oct 23, 2020 Nov 27, 2020 Oct 16, 2020 $0.6 normal
Aug 14, 2020 Aug 28, 2020 Aug 5, 2020 $0.6 normal
May 6, 2020 May 27, 2020 Mar 17, 2020 $0.6 normal
Feb 14, 2020 Feb 28, 2020 Feb 5, 2020 $0.6 normal
Nov 14, 2019 Nov 29, 2019 Nov 5, 2019 $0.6 normal
Aug 9, 2019 Aug 29, 2019 Aug 5, 2019 $0.6 normal
Apr 4, 2019 Apr 26, 2019 Mar 20, 2019 $1 normal
Jan 4, 2019 Jan 31, 2019 Dec 12, 2018 $1 normal
Oct 5, 2018 Oct 29, 2018 Sep 18, 2018 $1 normal
Jul 5, 2018 Jul 26, 2018 Jun 19, 2018 $1 normal
Apr 5, 2018 Apr 27, 2018 Mar 20, 2018 $1 normal
Jan 4, 2018 Jan 25, 2018 Dec 13, 2017 $1 normal
Oct 6, 2017 Oct 26, 2017 Sep 22, 2017 $1.2 normal
Jul 5, 2017 Jul 27, 2017 Jun 20, 2017 $1.2 normal
Apr 5, 2017 Apr 28, 2017 Mar 21, 2017 $1.2 normal
Jan 4, 2017 Jan 27, 2017 Dec 14, 2016 $1.2 normal
Oct 12, 2016 Oct 27, 2016 Sep 20, 2016 $1.5 normal
Jul 5, 2016 Jul 28, 2016 Jun 21, 2016 $1.5 normal

Portman Ridge Finance dividend payout ratio

What is Portman Ridge Finance dividend payout ratio compared to the sector

Payout ratio

Portman Ridge Finance's payout ratio of 165.3% is above the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 40.8%, Portman Ridge Finance's payout ratio is 305% higher.

Total amount of dividends paid per financial year (from cash flow)

PTMN dividend vs peer dividends

How does PTMN dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
ORC Orchid Island Capital Inc 18.85% $1.64 N/A
PTMN Portman Ridge Finance Corp 13.47% $2.76 165.3%

Frequently asked questions

Does Portman Ridge Finance pay a dividend?

Yes, Portman Ridge Finance has been paying dividends for the last 17 years.

When is Portman Ridge Finance's next dividend?

PTMN has announced its next dividend with ex-date May 20, 2024.

When was PTMN's last dividend?

Portman Ridge Finance's last regular dividend was on Mar 22, 2024 (ex-date) with the amount of $0.69 per share.

How much dividend does Portman Ridge Finance pay (per share)?

PTMN's annualized dividend per share is $2.76.

What is Portman Ridge Finance's dividend yield?

The current dividend yield of Portman Ridge Finance is 13.47%.

How often does Portman Ridge Finance pay dividends?

Portman Ridge Finance has a quarterly dividend frequency.

What is Portman Ridge Finance's dividend payout ratio?

The dividend payout ratio of Portman Ridge Finance is 165.3%.

Does Portman Ridge Finance pay a good dividend?

Portman Ridge Finance's dividend yield is more than the Financial Services sector average.