KCAP Financial, Inc. Plans Quarterly Dividend of $0.12 (NASDAQ:KCAP)

KCAP Financial, Inc. (NASDAQ:KCAP) announced a quarterly dividend on Wednesday, June 21st, Wall Street Journal reports. Shareholders of record on Friday, July 7th will be paid a dividend of 0.12 per share by the financial services provider on Thursday, July 27th. This represents a $0.48 annualized dividend and a yield of 13.71%. The ex-dividend date of this dividend is Wednesday, July 5th.

KCAP Financial (KCAP) traded down 0.28% during mid-day trading on Friday, hitting $3.50. 102,843 shares of the stock traded hands. The company’s 50 day moving average price is $3.46 and its 200-day moving average price is $3.75. The stock has a market cap of $128.82 million, a price-to-earnings ratio of 21.88 and a beta of 1.72. KCAP Financial has a 1-year low of $3.31 and a 1-year high of $4.89.

KCAP Financial (NASDAQ:KCAP) last posted its earnings results on Thursday, May 4th. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. KCAP Financial had a net margin of 17.96% and a return on equity of 8.59%. The business had revenue of $7.77 million during the quarter, compared to analysts’ expectations of $8.08 million. Analysts predict that KCAP Financial will post $0.36 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2017/07/29/kcap-financial-inc-nasdaqkcap-to-go-ex-dividend-on-july-5th-updated-updated-updated.html.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of KCAP Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. ValuEngine upgraded shares of KCAP Financial from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $3.50 price objective on shares of KCAP Financial in a report on Friday, July 21st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $16.00 target price on shares of KCAP Financial in a research report on Monday, May 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.17.

About KCAP Financial

KCAP Financial, Inc is an internally managed, non-diversified closed-end investment company. The Company has approximately three principal areas of investments. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies (the debt securities portfolio).

Dividend History for KCAP Financial (NASDAQ:KCAP)

Receive News & Ratings for KCAP Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KCAP Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply