DIVIDEND ANNOUNCEMENT: Portman Ridge Finance Corp (NASDAQ:PTMN) on 05/12/2023 declared a dividend of $0.6900 per share

Portman Ridge Finance Corp (NASDAQ:PTMN) on 05/12/2023 declared a dividend of $ 0.6900 per share payable on May 31, 2023 to shareholders of record as of May 22, 2023. Dividend amount recorded is an increase of $ 0.0099999999999999 from last dividend Paid.

Portman Ridge Finance Corp (NASDAQ:PTMN) has paid dividends since 2021, has a current dividend yield of 13.7373743057% and has increased its dividends for 1 successive years.

Portman Ridge Finance Corp's market cap is $ 190,258,200 and has a PE ratio of 6.60. The stock price closed yesterday at $ 19.80 and has a 52 week low/high of $ 18.00 and $ 24.49.

Portman Ridge Finance is an externally managed, non-diversified closed-end investment company. Co. originates, structures, and invests in secured term loans, bonds or notes and mezzanine debt in privately-held middle market companies but may also invests in other investments such as loans to publicly-traded companies, bonds, and distressed debt securities. Co. also invests in joint ventures and debt and subordinated securities issued by collateralized loan obligation funds. In addition, from time to time Co. may invests in the equity securities of privately held middle market companies and may also receive warrants or options to purchase common stock in connection with its debt investments.

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