Logan Ridge Finance Corporation has declared a cash dividend of $0.360 per share, with the announcement made on May 8, 2025. Stockholders of record as of the ex-dividend date, May 19, 2025, will receive their dividends on May 29, 2025. This dividend is notably higher than the average of the last ten dividends, which stood at $0.150. The previous dividend distribution occurred on Mar 31, 2025, also amounting to $0.360 per share.
Recently,
has been in the spotlight due to several significant developments. Over the past week, Edward Goldthorpe, the company's President and CEO, made headlines by purchasing 836 shares of Logan Ridge Finance on May 13, 2025. This insider buying activity has fueled speculation about the company's future prospects. Additionally, Logan Ridge Finance's recent decision to increase its quarterly dividend from $0.320 to $0.360 per share signals resilience and confidence in its financial health, as analysts have indicated. This move reflects the company's ongoing commitment to shareholder returns.
Furthermore, Logan Ridge Finance has announced the successful exit of its largest equity investment, Nth Degree Investment Group, LLC. This development, which was reported as of late, is expected to have a positive impact on the company’s portfolio and overall financial standing, as experts suggested. These events collectively highlight the robust fundamentals and strategic direction of Logan Ridge Finance.
In conclusion, Logan Ridge Finance is positioning itself as a strong contender in the financial sector with strategic moves and a solid dividend strategy. Investors should note that the ex-dividend date is May 19, 2025, marking the last day to purchase shares and qualify for the dividend payout. Any acquisitions made after this date will not be eligible for the current dividend distribution.
Comments
No comments yet