Alcentra Capital Corp (NASDAQ:ABDC) declared a None dividend on Friday, May 3rd, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.33 per share by the asset manager on Wednesday, July 3rd. This represents a dividend yield of 8.55%. The ex-dividend date is Thursday, June 27th.
Alcentra Capital has decreased its dividend by an average of 16.6% annually over the last three years.
Shares of ABDC stock traded down $0.02 during midday trading on Tuesday, reaching $8.65. 6,464 shares of the stock were exchanged, compared to its average volume of 28,973. Alcentra Capital has a 1 year low of $5.58 and a 1 year high of $8.70. The company has a 50 day simple moving average of $8.38. The firm has a market cap of $111.41 million, a price-to-earnings ratio of 8.56 and a beta of 0.60.
Alcentra Capital (NASDAQ:ABDC) last posted its earnings results on Monday, May 6th. The asset manager reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Alcentra Capital had a return on equity of 8.84% and a net margin of 14.50%. The firm had revenue of $6.43 million for the quarter, compared to the consensus estimate of $6.24 million. Analysts predict that Alcentra Capital will post 0.81 earnings per share for the current year.
Separately, ValuEngine upgraded Alcentra Capital from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.
Alcentra Capital Company Profile
Alcentra Capital Corporation is a business development company specializing in investments in lower middle-market companies. The fund seeks to invest in healthcare, business services, defense, government services, telecom and technology, media, infrastructure maintenance and logistics, and oil and gas services sector.
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