Runway Growth Finance Corp. (RWAY) to Issue — Dividend of $0.03 on April 14th

Runway Growth Finance Corp. (NASDAQ:RWAY) announced a — dividend on Friday, March 21st, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.03 per share on Monday, April 14th. This represents a yield of 15.1%. The ex-dividend date of this dividend is Monday, March 31st.

Runway Growth Finance has increased its dividend by an average of 85.7% per year over the last three years. Runway Growth Finance has a dividend payout ratio of 98.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Runway Growth Finance to earn $1.59 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 100.6%.

Runway Growth Finance Price Performance

Shares of RWAY stock opened at $10.59 on Friday. Runway Growth Finance has a 12 month low of $9.87 and a 12 month high of $13.50. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.07. The stock has a 50 day moving average of $11.31 and a two-hundred day moving average of $10.76. The company has a market capitalization of $395.50 million, a P/E ratio of 10.18 and a beta of 0.59.

Runway Growth Finance (NASDAQ:RWAY) last posted its earnings results on Thursday, March 20th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $33.78 million during the quarter, compared to the consensus estimate of $36.10 million. Runway Growth Finance had a return on equity of 12.91% and a net margin of 27.05%. As a group, equities analysts expect that Runway Growth Finance will post 1.67 EPS for the current year.

Wall Street Analysts Forecast Growth

RWAY has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Runway Growth Finance from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on shares of Runway Growth Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Runway Growth Finance presently has a consensus rating of “Hold” and an average target price of $11.65.

Runway Growth Finance Company Profile

Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors.