THL Credit, Inc. (TCRD) Plans Quarterly Dividend of $0.34
THL Credit (NASDAQ:TCRD) declared a quarterly dividend on Monday, August 11th, Analyst Ratings.Net reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.34 per share on Tuesday, September 30th. This represents a $1.36 dividend on an annualized basis and a yield of 10.23%.
A number of analysts have recently weighed in on TCRD shares. Analysts at SunTrust initiated coverage on shares of THL Credit in a research note on Thursday, June 26th. They set a “buy” rating and a $15.00 price target on the stock. On a related note, analysts at Bank of America reiterated a “buy” rating on shares of THL Credit in a research note on Thursday, May 15th. They now have a $14.75 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of THL Credit from $16.00 to $15.00 in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. THL Credit currently has a consensus rating of “Buy” and a consensus target price of $15.85.
Shares of THL Credit (NASDAQ:TCRD) traded up 0.15% during mid-day trading on Monday, hitting $13.31. 123,588 shares of the company’s stock traded hands. THL Credit has a 1-year low of $12.80 and a 1-year high of $17.00. The stock has a 50-day moving average of $13.64 and a 200-day moving average of $14.08.
THL Credit (NASDAQ:TCRD) last released its earnings data on Monday, August 11th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.04. Analysts expect that THL Credit will post $1.34 EPS for the current fiscal year.
THL Credit, Inc is a non-diversified, closed-end management investment company. It operates as a business development company.
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