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 14.12% based on its recent close price.
Portman Ridge Finance's dividend yield of 14.12% is higher than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 3.36%, Portman Ridge Finance's dividend yield is 320% higher. The historical 5-year average of PTMN's dividend yield is 13.6%, which is in line with the current one.
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 4.3% from a year ago, the dividend yield has an increase of 11%.
| 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's payout ratio of 230% is above the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 39.6%, Portman Ridge Finance's payout ratio is 481% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ORC Orchid Island Capital Inc | 19.47% | $1.68 | N/A |
| PTMN Portman Ridge Finance Corp | 14.12% | $2.76 | 230% |
Yes, Portman Ridge Finance has been paying dividends for the last 17 years.
PTMN hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in June 2024.
Portman Ridge Finance's last regular dividend was on Mar 22, 2024 (ex-date) with the amount of $0.69 per share.
PTMN's annualized dividend per share is $2.76.
The current dividend yield of Portman Ridge Finance is 14.12%.
Portman Ridge Finance has a quarterly dividend frequency.
The dividend payout ratio of Portman Ridge Finance is 230%.
Portman Ridge Finance's dividend yield is more than the Financial Services sector average.