RWAY dividend yield – Runway Growth Finance Corp Declares 0.45 Cash Dividend
March 24, 2023
Dividends Yield
Runway Growth Finance ($NASDAQ:RWAY) Corp has recently announced the declaration of a 0.45 cash dividend. This is a significant increase from the dividends paid over the last two years, with an annual dividend per share amounting to 1.15 and 0.25 USD, yielding 8.62% and 1.93%, respectively, when averaged. If you are in the market for dividend income, RUNWAY GROWTH FINANCE could be a viable choice as the ex-dividend date is scheduled on March 6 2023 with an average dividend yield of 5.28%. This is a substantial increase from the yields of previous years and could be an attractive investment opportunity for those seeking a reliable source of passive income.
Additionally, RUNWAY GROWTH FINANCE is in a strong financial position and appears to be on track for continued growth and expansion in the future. This dividend declaration is a positive sign of the company’s financial performance and demonstrates a commitment to rewarding its shareholders through regular dividend payments. It could be an attractive option for those investors looking for a reliable and consistent dividend income.
Price History
This dividend marks a significant growth for the company, and a major milestone in their financial history. On the same day, RGF’s stock opened at $13.0 and closed at $12.9, representing an increase of 0.4% from its prior closing price of 12.8. The dividend is a sign of the company’s financial strength, and a growing confidence in their future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RWAY. More…
| Total Revenues | Net Income | Net Margin |
| 42.19 | 32.25 | 76.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RWAY. More…
| Operations | Investing | Financing |
| -359.85 | – | 360.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RWAY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.14k | 565.71 | 14.22 |
Key Ratios Snapshot
Some of the financial key ratios for RWAY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.0% | – | – |
| FCF Margin | ROE | ROA |
| -853.0% | 3.5% | 1.8% |
Analysis – RWAY Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of RUNWAY GROWTH FINANCE’s wellbeing. According to our proprietary Valuation Line, the fair value of the RUNWAY GROWTH FINANCE share is approximately $12.5. At present, RUNWAY GROWTH FINANCE stock is traded at $12.9, which means it is a fair price but slightly overvalued by 3.2%. More…
Peers
Its competitors include Sundaram Finance Ltd, PT Magna Finance Tbk, and PT Clipan Finance Indonesia Tbk.
– Sundaram Finance Ltd ($BSE:590071)
Sundaram Finance Ltd is an Indian non-banking financial company headquartered in Chennai, Tamil Nadu. Sundaram Finance is one of the largest non-banking financial services companies in India with over Rs 1 lakh crore in assets under management. The company offers a range of financial services including two wheeler and four wheeler loans, personal loans, home loans, commercial vehicle loans, SME loans, and agricultural loans.
– PT Magna Finance Tbk ($IDX:MGNA)
Magna Finance Tbk is a leading provider of finance and leasing services in Indonesia. The company offers a wide range of products and services, including consumer and corporate loans, financing for the purchase of motor vehicles, and leasing services. Magna Finance Tbk has a strong focus on providing quality customer service and has a well-established reputation in the Indonesian market. The company has a market cap of 50.15B as of 2022 and a Return on Equity of -21.02%.
– PT Clipan Finance Indonesia Tbk ($IDX:CFIN)
Clipan Finance Indonesia Tbk is one of the largest financial services companies in Indonesia with a market capitalization of 1.4 trillion as of 2022. The company offers a wide range of financial services including banking, insurance, asset management, and investment banking. Clipan Finance Indonesia Tbk has a strong focus on providing services to the retail and small and medium enterprise (SME) segments. The company has a return on equity of 9.09%.
Summary
RUNWAY GROWTH FINANCE is a promising investment opportunity, offering investors the potential for both capital appreciation and regular dividend income. Over the last two years, the company has paid an average dividend yield of 8.62% and 1.93%, respectively. The company has demonstrated its ability to generate reliable cash flow, which translates into predictable returns for investors.
Additionally, RUNWAY GROWTH FINANCE’s track record of consistent dividend payouts and potential for further growth make it an attractive option for long-term investors. Its strong financials, experienced management team, and continued focus on innovation suggest that the stock could be a solid addition to a portfolio.
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