About Portman Ridge Finance Corporation (PTMN) — Dividend Analysis 2026
Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors. The fund typically invests $1 million to $20 million in its portfolio companies. It provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners.
Is PTMN a good dividend investment in 2026?
PTMN offers a 17.85% forward yield with a 50% payout ratio. Strand Safety Score: 55/100 (Moderate Risk). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
PTMN DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your PTMN portfolio grows to $50.46 vs $1.8K without reinvestment. This is the compound interest effect in action.
PTMN dividend growth history & forecast
PTMN has grown its dividend by 0% over the last year and -50% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 17.85%.
Company not generating EBITDA — debt servicing risk is elevated
Earnings Momentum+0.0B → -0.0B → +0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
55
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 PTMN Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold PTMN.
Gross yield
17.85%
Tax rate
15.00%
After-tax yield
15.17%
Real yield (−CPI)
12.37%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
17.85%
15.05%
$1,785 / yr
🇺🇸 US Taxable (15%) ✓
15%
15.17%
12.37%
$1,517 / yr
🇺🇸 US Taxable (20%)
20%
14.28%
11.48%
$1,428 / yr
🇬🇧 UK ISA
0%
17.85%
15.05%
$1,785 / yr
🇬🇧 UK Taxable
8.75%
16.29%
13.49%
$1,629 / yr
🇨🇦 TFSA
0%
17.85%
15.05%
$1,785 / yr
🇨🇦 CA Taxable
25%
13.39%
10.59%
$1,339 / yr
🇦🇺 Super (pension)
15%
15.17%
12.37%
$1,517 / yr
🇦🇺 AU Taxable
30%
12.50%
9.70%
$1,250 / yr
🇩🇪 DE Taxable
26.375%
13.14%
10.34%
$1,314 / yr
🇫🇷 FR Taxable
30%
12.50%
9.70%
$1,250 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 PTMN Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your PTMN investment of $12.27/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$1.8K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-691.02
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in PTMN for:
Shares needed
12,893
Capital required
$158,197
Monthly income
$2,000
Based on current dividend of $2.19/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 PTMN Dividend Payment Schedule
PTMN pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.65 / payment
$18.61 / year after tax
100 shares
$46.54 / payment
$186.15 / year after tax
1,000 shares
$465.38 / payment
$1861.50 / year after tax
📊 PTMN vs Financial Services Benchmarks
How PTMN compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+14.95% vs sectorBetter
PTMN
17.85%
avg
2.90%
5Y Dividend CAGR▼-57.10% vs sectorBelow avg
PTMN
-50.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
PTMN
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for PTMN sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ PTMN Insider Activity
No recent SEC filings reported in the last 90 days.
🎯
Analyst Price Target
Wall Street consensus
Current Price
$12.27
Analyst Target
$26.00
Upside / Downside
+111.9%
Range
$26.00 – $26.00
💡 If PTMN reaches the analyst target of $26.00, investors buying today at $12.27 would see an effective yield of 8.42% on shares purchased at target price — vs 17.85% at current price.
Analyst consensus price target via FMP. Not a guarantee of future performance. Past analyst accuracy varies.
🔬
Financial Health Scores
Altman Z-Score
0.40
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
6/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the PTMN dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →