KCAP Financial, Inc. (NASDAQ:KCAP) is expected to pay $0.15 on Oct 27, 2016. The indicated annual dividend is $0.60. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on KCAP Financial, Inc.’s current price of $4.72, the dividend is 3.18%. This dividend’s record date is Oct 14, 2016 and the announcement date is Sep 21, 2016. The stock closed at $4.72 during the last session. It is down 47.50% since March 8, 2016 and is uptrending. It has outperformed by 38.18% the S&P500.
KCAP Financial, Inc. is an internally managed, non-diversified closed-end investment company. The company has a market cap of $172.48 million. The Firm has approximately three principal areas of investments. It currently has negative earnings. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies .
KCAP Financial Inc (NASDAQ:KCAP) Ratings Coverage
Out of 4 analysts covering KCAP Financial (NASDAQ:KCAP), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. KCAP Financial has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Wood maintained it with “Market Perform” rating and $6 target price in Monday, August 17 report. Janney Capital reinitiated the stock with “Neutral” rating in Wednesday, April 27 report.
More news for KCAP Financial Inc (NASDAQ:KCAP) were recently published by: Globenewswire.com, which released: “KCAP Financial, Inc. Announces Second Quarter 2016 Financial Results” on August 03, 2016. Nasdaq.com‘s article titled: “KCAP Financial, Inc. (KAP) Ex-Dividend Date Scheduled for September 13, 2016” and published on September 12, 2016 is yet another important article.
KCAP Company Profile
KCAP Financial, Inc., incorporated on August 8, 2006, is an internally managed, non-diversified closed-end investment company. The Firm has approximately three principal areas of investments. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt in privately-held middle market companies (the debt securities portfolio). In addition, the Company may invest in the equity securities of privately held middle market companies. Second, the Company invests in asset management companies (the Asset Manager Affiliates) that manage collateralized loan obligation funds (CLO Funds). Third, the Company invests in debt and subordinated securities issued by CLOs (CLO fund securities). These CLO fund securities are managed by its Asset Manager Affiliates, but from time-to-time the Company makes investments in CLO Fund Securities managed by other asset managers. The CLO funds typically invest in syndicated loans, high-yield bonds and other credit instruments. The Firm may also invest in other investments, such as loans to larger, publicly-traded companies, high-yield bonds and distressed debt securities. The Firm may also receive warrants or options to purchase common stock in connection with its debt investments.
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