Ranger Direct Lending Fund (RDL) Reaches New 1-Year High at $114.50

Ranger Direct Lending Fund (RDL) Reaches New 1-Year High at $114.50

Shares of Ranger Direct Lending Fund PLC (LON:RDL) hit a new 52-week high on Wednesday . The stock traded as high as GBX 114.50 ($1.50) and last traded at GBX 676 ($8.83), with a volume of 25837 shares trading hands. The stock had previously closed at GBX 680 ($8.89).

The company also recently announced a dividend, which was paid on Friday, November 16th. Investors of record on Thursday, November 1st were issued a GBX 85 ($1.11) dividend. This is a boost from Ranger Direct Lending Fund’s previous dividend of $14.28. The ex-dividend date of this dividend was Thursday, November 1st. This represents a yield of 10.9%.

Ranger Direct Lending Fund Company Profile (LON:RDL)

Ranger Direct Lending Fund Plc is a closed-ended investment company. The Company’s investment objective is to seek to provide shareholders with an attractive return, principally in the form of quarterly income distributions, by acquiring a portfolio of debt obligations (such as loans, invoice receivables and asset financing arrangements) that have been originated or issued by direct lending platforms.

Recommended Story: Understanding debt-to-equity ratio in fundamental analysis

Related posts

Leave a Comment