THL Credit, Inc. (NASDAQ:TCRD) declared a quarterly dividend for the first time of $0.05 per share, and has already boosted that by five times with its latest dividend declaration, which is now at $0.25 per share.
Since its IPO last year THL has made 12 acquisition to grow the company, and are apparently confident going forward based on dividend boosts.
The dividend yield by THL, based on Tuesday's close of $14.09, where the company gained $0.14, or 1.00 percent, is a little over 7 percent.
THL Credit has a market cap of 282.35 million as of yesterday's close.
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