QUARTERLY DIVIDEND PAYERS

PTMN Company Overview

Portman Ridge Finance Corporation is a closed-end, externally managed, non-diversified management investment company. The Company invests in middle market businesses that operate across a wide range of industries. It employs fundamental credit analysis, targeting investments in businesses with relatively low levels of cyclicality and operating risk. The Company’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in the middle market companies. The Company’s investment activities are managed by its investment adviser, Sierra Crest Investment Management LLC.

Headquarters

650 MADISON AVNUE, 23RD FLOOR
New York, NY
10022

Invested 6/11/2021

@ 2.41 

PORTMAN RIDGE FINANCE CORPORATION COMMON STOCK 

CASH & SHRS RECEIVED THRU MERGER WITH HCAP.

*Thank you E*TRADE for another smooth transaction.

Quarterly Dividend / 

$0.69

Yield /

14.06%

Ex-Dividend Date
8/22/2024

Dividend Payable Date
8/30/2024

Next Earnings Date

11/07/2023

*31st Highest percent gainer across all portfolios.

UP +7.38%

** --Increases Quarterly Distribution to $0.69 Per Share in the Second Quarter of 2023, Marking the Third Consecutive Quarter of an Increased Stockholder Distribution 

*All Dividends Re-Invested.

*Dividend paid 5/28/2021

*Dividend paid 8/31/2021

*Dividend paid 11/30/2021

*Dividend paid 3/30/2022

*Dividend paid 6/07/2022

*Dividend paid 9/02/2022

*Dividend paid 12/13/2022

*Dividend paid 3/31/2023

*Dividend paid 5/31/2023

*Dividend paid 8/31/2023

*Dividend paid 11/30/2023

*Dividend paid 4/02/2024

*Dividend paid 5/31/2024

*Dividend paid 8/30/2024

*Dividend paid 11/29/2024

*NOTE 6/11/2021 

Cash & Stock Merger

STOCK has been merged with 

HCAP Harvest Capitol Credit Corporation 

*We kept shares in lieu of liquidation. 

*Portman Ridge Finance Corporation Announces First Quarter 2023 Financial Results

4:12 PM ET 5/10/23 | GlobeNewswire

Reports Strong Performance with Higher Total Investment Income, Core Investment Income and Net Investment Income Quarter-over-Quarter, While Also Continuing Share Repurchase Program in the First Quarter of 2023

Increases Quarterly Distribution to $0.69 Per Share in the Second Quarter of 2023, Marking the Third Consecutive Quarter of an Increased Stockholder Distribution

NEW YORK, May 10, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the "Company" or "Portman Ridge") announced today its financial results for the first quarter ended March 31, 2023.

First Quarter 2023 Highlights

  -- Total investment income for the first quarter of 2023 was $20.3 million, 

      an increase of $1.7 million as compared to $18.6 million for the fourth 

      quarter of 2022 and an increase of $3.4 million as compared to $16.9 

      million for the first quarter of 2022. 

 

   -- Core investment income1, excluding the impact of purchase price 

      accounting, for the first quarter of 2023 was $19.3 million, an increase 

      of $1.6 million as compared to $17.7 million for the fourth quarter of 

      2022 and an increase of $4.2 million as compared to $15.1 million for the 

      first quarter of 2022. 

 

   -- Net investment income ("NII") for the first quarter of 2023 was $8.5 

      million ($0.89 per share), an increase of $1.4 million as compared to 

      $7.1 million ($0.74 per share) for the fourth quarter of 2022 and an 

      increase of $0.6 million as compared to $7.9 million ($0.82 per share) 

      for the first quarter of 2022. 

 

   -- Total shares repurchased in open market transactions under the Renewed 

      Stock Repurchase Program during the quarter ended March 31, 2023 were 

      35,613 at an aggregate cost of approximately $0.8 million. 

Subsequent Events

  -- Increased stockholder distribution of $0.69 per share for the second 

      quarter of 2023, payable on May 31, 2023 to stockholders of record at the 

      close of business on May 22, 2023. This is a $0.01 per share distribution 

      increase as compared to the first quarter of 2023 and a $0.06 per share 

      distribution increase as compared to the second quarter of 2022. This 

      also marks the third consecutive quarter of a stockholder distribution 

      increase and the fifth stockholder distribution increase over the last 

      seven quarters. 

Management Commentary

  -- Ted Goldthorpe, Chief Executive Officer of Portman Ridge, stated, 

      "Continuing off the back of strong earnings momentum seen in fiscal year 

      2022, we are pleased to report yet another strong quarter of financial 

      performance in the first quarter of 2023. Our total investment income, 

      core investment income and net investment income for the first quarter of 

      2023 all increased in comparison to the fourth quarter of 2023, as we 

      continue to see the impact that rising rates have had in generating 

      incremental revenue from our debt portfolio investments. We believe we 

      are well-positioned to take advantage of opportunities that arise from 

      the current market environment by continuing to be selective and 

      resourceful in our investment decision-making. Overall, our strong 

      performance this past quarter has allowed us to raise our dividend for 

      the third consecutive quarter to $0.69 per share and we believe we remain 

      situated to continue to deliver attractive returns to our shareholders 

      throughout 2023." 

Selected Financial Highlights

  -- Total investments at fair value as of March 31, 2023 was $539.1 million; 

      when excluding CLO funds, Joint Ventures, and short-term investments, 

      these investments are spread across 28 different industries and 106 

      different entities with an average par balance per entity of 

      approximately $3.3 million. This compares to $576.5 million of total 

      investments at fair value (excluding derivatives) as of December 31, 

      2022, comprised of investments in 119 different entities (excluding CLO 

      funds, Joint Ventures, and short-term investments). 

 

   -- Weighted average contractual interest rate on our interest earning Debt 

      Securities Portfolio as of March 31, 2023 and December 31, 2022 was 

      approximately 11.7% and 11.1%, respectively. 

 

   -- Non-accruals on debt investments, as of March 31, 2023, were five debt 

      investments, which compares to four debt investments on non-accrual 

      status as of December 31, 2022 and six debt investments on non-accrual 

      status as of March 31, 2022. As of March 31, 2023, debt investments on 

      non-accrual status represented 0.3% and 1.5% of the Company's investment 

      portfolio at fair value and amortized cost, respectively. This compares 

      to debt investments on non-accrual status representing 0.0% and 0.6% of 

      the Company's investment portfolio at fair value and amortized cost, 

      respectively, as of December 31, 2022 and 0.2% and 1.9% of the Company's 

      investment portfolio at fair value and amortized cost, respectively, as 

      of March 31, 2022. 

 

   -- Net asset value ("NAV") for the first quarter of 2023 was $225.1 million 

      ($23.56 per share) as compared to $232.1 ($24.23 per share) for the 

      fourth quarter of 2022. 

 

   -- Par value of outstanding borrowings, as of March 31, 2023, was $358.3 

      million with an asset coverage ratio of total assets to total borrowings 

      of 162%. On a net basis, leverage as of March 31, 2023 was 1.39x2 

      compared to net leverage of 1.49x2 as of December 31, 2022. 

TSM Company Overview

Taiwan Semiconductor Manufacturing Co., Ltd. is principally engaged in the manufacture and sale of integrated circuits and semiconductor products. The Company is mainly engaged in the manufacture, sale and packaging test of integrated circuits and other semiconductor devices, the manufacture of masks, as well as the provision of computer-aided design services. The Company's products are applied to personal computer (PCs) and peripheral products, information applications, wired and wireless communication systems, industrial equipment, consumer electronics such as digital video disc players, digital TVs, game consoles and digital cameras. The Company is also engaged in the development of 5 nanometer process technology, mask technology, complementary metal oxide semiconductor (CMOS) image sensor technology, three dimensional (3D) IC and TSMC system on integrated chips (TSMC-SoIC) technology, among others. The Company distributes its products to the United States, Asia and Europe.

Company Contact

Headquarters

No.8
Li-Hsin Road 6, Hsinchu Science Park
300 Hsinchu
TWN

Invested 1/29/2021

@ 120.90

Quarterly Dividend Multiplier (QDM) / Yield 

$0.4865 / .86%

Ex-Dividend Date

9/12/2024

Dividend Payable Date

10/09/2024

*Dividend paid 4/16/2021

*Dividend paid 7/16/2021

*Dividend paid 10/16/2021

*Dividend paid 1/14/2022

*Dividend paid 4/18/2022

*Dividend paid 7/15/2022

*Dividend paid 10/14/2022

*Dividend Paid 1/13/2023

*Dividend Paid 4/14/2023

*Dividend Paid 7/14/2023

Taiwan Semiconductor Manufacturing beats by NT$0.29, misses on revs; guides Q1 revs below consensus

6:01 AM ET 1/12/23 | Briefing.com

Reports Q4 (Dec) earnings of NT$11.41 per share, NT$0.29 better than the S&P Capital IQ Consensus of NT$11.12;

 revenues rose 42.8% year/year to NT$625.53 bln vs the NT$636.62 bln S&P Capital IQ Consensus.

Gross margin for the quarter was 62.2%, operating margin was 52.0%, and net profit margin was 47.3%.In the fourth quarter, shipments of 5-nanometer accounted for 32% of total wafer revenue; 7-nanometer accounted for 22%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 54% of total wafer revenue.

 Co issues downside guidance for Q1, sees Q1 revs of $16.7-17.5 bln vs. $17.97 bln S&P Capital IQ Consensus.Gross profit margin is expected to be between 53.5% and 55.5%;Operating profit margin is expected to be between 41.5% and 43.5%.The management further expects the 2023 capital budget to be between $32-36 billion. 

NXPI Company Overview

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company's segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing. It engages with global original equipment manufacturers (OEMs) and sells products in all geographic regions. NXP's HPMS segment includes business lines, such as Automotive, Secure Identification Solutions (SIS), Secure Connected Devices (SCD), and Secure Interfaces and Infrastructure (SI&I). The Company's SP segment supplies a range of standard semiconductor components, such as small signal discretes and power discretes.

Company Contact

Headquarters

High Tech Campus 60
5656 AG Eindhoven
NLD.

Invested 2/02/2021

@ 176.93

^^^^^^********30th Highest gains across all portfolios

UP +56.43% 

Q.D.M. / Yield

$1.014 / 1.70%

Ex-Dividend Date

9/12/2024

Dividend Payable Date

10/09/2024

*Dividend paid 4/06/2021

*Dividend paid 7/07/2021 

*Dividend paid 10/07/2021

*Dividend paid 1/07/2022

*Dividend paid 4/07/2022

*Dividend paid 7/11/2022

*Dividend paid 10/07/2022

*Dividend paid 1/09/2023

*Dividend paid 4/06/2023

*Dividend paid 7/08/2023

*Dividend paid 10/05/2023

*Dividend paid 1/05/2024

*Dividend paid 4/10/2024

*Dividend paid 7/10/2024

*Dividend paid 10/09/2024

*MW NXP Semiconductors stock rallies 5% as results, outlook top Wall Street view

7:39 AM ET 5/2/23 | MarketWatch

By Wallace Witkowski

Chip maker to hold call with analysts Tuesday morning

NXP Semiconductors NV shares rose in the extended session Monday after the chip maker -- which gets more than half its sales from auto makers -- topped Wall Street estimates for the past quarter, and in its outlook for the current one.

NXP (NXPI) shares rose as much as 5% after hours, following a 1.4% rise to close the regular session at $166.01. The company is scheduled to hold its conference call with analysts at 8 a.m. Eastern.

The Eindhoven, Netherlands-based chip maker forecast earnings of $3.07 to $3.49 a share on revenue of $3.1 billion to $3.3 billion for the second quarter, while analysts surveyed by FactSet expected $2.99 a share on revenue of $3.04 billion.

"Solid first-quarter results, guidance for the second quarter, and our early views into the second half of the year underpin a cautious optimism that NXP is successfully navigating through the cyclical downturn in our consumer-exposed businesses, while we see continued strength in our automotive and core-industrial businesses," NXP Chief Executive Kurt Sievers said in a statement.

NXP reported first-quarter net income of $615 million, or $2.35 a share, with adjusted earnings of $834 million, or $3.19 a share.

Revenue declined to $3.12 billion from $3.14 billion in the year-ago quarter, as auto-chip sales rose 17% to $1.83 billion from a year ago.

Analysts surveyed by FactSet had forecast $3.02 a share on revenue of $3 billion, while forecasting auto-chip sales to $1.81 billion.

Year to date, NXP shares are up 5.1%, while the PHLX Semiconductor Index is up 19.2%, the S&P 500 index is up 8.6%, and the tech-heavy Nasdaq Composite Index has gained 16.7%.

Last week, another big supplier to the auto market, Texas Instruments Inc. (TXN), said that sales to the auto industry remained strong.
 

CVX Company Overview

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; processing, transporting, storage and marketing of natural gas, and a gas-to-liquids plant. Downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products, and manufacturing and marketing of commodity petrochemicals.

Company Contact

Headquarters

6001 Bollinger Canyon Rd
San Ramon, CA 94583-2324.

Invested 2/18/2021

@ 95.31

*All Dividends Re-Invested. 

Q.D.M. 

$1.63

Yield

4.15% 

Ex-Dividend Date

11/18/2024 

Dividend Payable Date

12/10/2024 

^^^^^^^^^^^^^^^^

^^^*******************

***********************

***************30th Highest gains across all portfolios

UP +54.88%+ 

*Dividend paid 6/10/2021

*Dividend paid 9/10/2021

*Dividend paid 12/10/2021

*Dividend paid 3/10/2022

*Dividend paid 6/10/2022

*Dividend paid 9/12/2022

*Dividend paid 12/12/2022

*Dividend paid 3/10/2023

*Dividend paid 6/12/2023

*Dividend paid 9/11/2023

*Dividend paid 12/11/2023

*Dividend paid 3/09/2024

*Dividend paid 6/10/2024

*Dividend paid 9/10/2024

*Dividend paid 12/10/2024

*Chevron Invests in Geothermal Development Company

2:30 AM ET 3/1/21 | Business Wire

****A purchase of 48,500,000 shares @ $102/share = $54,947,000,000. 

/ $54.9B @ $1.51 per 

would produce a Quarterly Dividend / Cash Payment of 

$73,235,000.

Payable every 3 months.

(it's been raised from $1.34)

Company Profile:

Occidental Petroleum Corporation is an energy. company. The Company conducts oil and gas exploration and production activities in the United States, the Middle East and Africa. Within the United States, it has operations in Texas, New Mexico and Colorado, as well as offshore operations in the Gulf of Mexico. The Company's business segments include Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, NGL, natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including transportation and storage capacity, and invests in entities that conduct similar activities. 

Headquarters 

5 Greenway Plz Ste 110

Houston, TX 77046-0521.

Q.D.M. 

$0.18

Yield

1.11%

Ex-Dividend Date

3/09/2023

Dividend payable Date

4/17/2023

Invested 3/07/2022

@ 55.09

^^^^^^^^*********29th Highest percent gainer across all portfolios

+UP 14.71%

*Dividend Paid 4/18/2022

*Dividend Paid 7/15/2022

*Dividend Paid 10/17/2022

*Dividend Paid 1/17/2023

*Dividend Paid 4/17/2023

*Dividend Paid 7/14/2023

*Dividend Paid 10/13/2023

*Dividend Paid 1/16/2024

*Dividend Paid 4/15/2024

*Dividend Paid 7/15/2024

*Dividend Paid 10/15/2024

MW Warren Buffett's Berkshire Hathaway boosts its stake in Occidental Petroleum

11:24 PM ET 3/7/23 | MarketWatch

By Mike Murphy

Warren Buffett's Berkshire Hathaway increased its stake in Occidental Petroleum Corp. in recent days.

Berkshire bought about 5.8 million shares of Occidental in a series of purchases Friday, Monday and Tuesday, according to a late Tuesday filing with the Securities and Exchange Commission, at prices ranging from $59.85 a share to $61.90 a share. The value of the purchases was about $360 million.

Berkshire is the dominant stakeholder in Occidental, holding about 22% -- or more than 200 million shares -- worth roughly $12 billion.

Also see:Warren Buffett's Berkshire Hathaway is the largest investor in these 8 stocks

Last week, Occidental announced a $3 billion stock buyback program and a 38% increase to its dividend to 18 cents a share, following quarterly profit and revenue that fell below expectations.

Occidental shares (OXY) are down 3.4% year to date but up 11.5% over the past 12 months. Class B shares (BRKA) of Berkshire are down less than 1% in 2023, and down 2.3% over the past year. That compares to the S&P 500's 3.8% gain this year and 4.4% decline over the past 12 months.
 

*Occidental Petro beats by $0.09, beats on revs

4:21 PM ET 5/10/22 | Briefing.com

Reports Q1 (Mar) earnings of $2.12 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $2.03;

revenues rose 61.2% year/year to $8.53 bln vs the $8.06 bln S&P Capital IQ Consensus.

Total average global production of 1,079 thousand of barrels of oil equivalent per day (Mboed) for the first quarter of 2022 was within guidance. Permian and Rockies exceeded or came in at the high end of guidance, with average production of 472 Mboed and 286 Mboed, respectively. Gulf of Mexico average production of 138 Mboed was within guidance. International average production volumes were 183 Mboed.

Coterra Energy Inc. is an independent oil and gas company. The Company is engaged in the development, exploration and production of oil, natural gas and natural gas liquids (NGLs). Its operations are primarily concentrated in three core operating areas: the Permian Basin in west Texas and southeast New Mexico, the Marcellus Shale in northeast Pennsylvania and the Anadarko Basin in the Mid-Continent region in Oklahoma. Its Permian Basin properties hold approximately 296,000 net acres in its core operating area in the Delaware Basin. Its Marcellus Shale properties hold approximately 186,000 net acres in the dry gas window of the Marcellus Shale. The Anadarko Basin properties hold approximately 182,000 net acres and its development activities are primarily focused on both the Woodford Shale and the Meramec formations. It sells oil, natural gas and NGLs to industrial customers, local distribution companies, oil and gas marketers, pipeline companies and power generation facilities.

Headquarters840 Gessner Rd Ste 1400
Houston, TX
77024-4152

Quarterly Dividend / Yield 

$0.21  /  2.14%

Ex-Dividend Date 

11/14/2024

Dividend Payable Date 

11/27/2024

*Invested 4/17/2022

@ 31.19 per share 

all dividends are re-invested.

*Dividend paid 5/17/2022

*Dividend paid 6/25/2022

*Dividend paid 8/25/2022

*Dividend paid 11/30/2022

*Dividend paid 3/30/2023

*Dividend paid 6/09/2023

*Dividend paid 8/31/2023

*Dividend paid 11/30/2023

*Dividend paid 3/28/2024

*Dividend paid 5/30/2024

*Dividend paid 8/29/2024

*Dividend paid 11/27/2024

Company Overview

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International. Its Cleaning segment consists of laundry, home care and professional products marketed and sold in the United States. Its Household segment consists of charcoal, cat litter and plastic bags, wraps and container products marketed and sold in the United States. Its Lifestyle segment consists of food products, water-filtration systems and filters, and natural personal care products marketed and sold in the United States. Its International segment consists of products sold outside the United States. It markets some of the consumer brand names, such as namesake bleach and cleaning products, Pine-Sol cleaners, Liquid-Plumr clog removers and Kingsford charcoal.

Headquarters

1221 Broadway
Oakland, CA
94612-1888 

Q.D.M  / Yield

1.18 / 2.97%

Ex-Dividend Date

4/25/2023 

Dividend Payable Date

5/12/2023

Invested 2/18/2021

@ 189.22

*All dividends re-invested.

*Dividend paid 5/07/2021

*Dividend Paid 8/13/2021 

*Dividend Paid 11/10/2021

*Dividend Paid 2/11/2021

*Dividend Paid 5/13/2022

*Dividend Paid 8/12/2022

*Dividend paid 11/10/2022

*Dividend Paid 2/11/2023

*Dividend Paid 5/12/2023

*Dividend paid 8/25/2023

*Dividend paid 11/09/2023

*Dividend paid 2/09/2024

*Dividend Paid 5/10/2024

*Dividend Paid 8/30/2024

*Dividend Paid 11/07/2024

Company Overview:

Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company's segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.

Headquarters

3050 Bowers Ave
Santa Clara, CA
95054-3299 

Q.D.M / YIELD

$0.32 / 1.02%

Ex-Dividend Date

5/24/2023

Dividend Payable Date

6/15/2023

Invested on 2/19/2021

@ 121.975

^^^^^^^^^^^^^^^^

^^^^^*****************

***********28th Highest percent gainer across all portfolios

+UP 75.36%+

*All dividends re-invested.

*Dividend Paid 6/17/2021

*Dividend Paid 9/16/2021
*Dividend Paid 12/16/2021

*Dividend Paid 3/16/2022

*Dividend Paid 6/16/2022

*Dividend Paid 9/15/2022

*Dividend Paid 12/15/2022

*Dividend Paid 3/16/2023

*Dividend Paid 6/15/2023

*Dividend Paid 9/14/2023

*Dividend paid 12/14/2023

*Dividend paid 3/14/2024

*Dividend paid 6/13/2024

*Dividend paid 9/12/2024

*Dividend paid 12/12/2024

*MW Applied Materials stock gains on earnings beat, in-line forecast

4:32 PM ET 8/18/22 | MarketWatch

 By Jeremy C. Owens

CEO of chip-equipment supplier attempts to quell concerns about demand, says supply is still the main issue

Applied Materials Inc. shares gained in after-hours trading Thursday, following an earnings beat and optimistic commentary from the chip-equipment supplier's chief executive.

Applied Materials (AMAT) reported fiscal third-quarter profit of $1.61 billion, or $1.85 a share, on sales of $6.52 billion,

 up from $6.2 billion a year ago. After adjusting for tax effects, investments and other costs, the company reported earnings of $1.94 a share,

 up from $1.90 a share a year ago.

Analysts on average expected adjusted earnings of $1.78 a share on sales of $6.26 billion. Applied Materials shares gained nearly 4% in after-hours trading following the announcement, after closing with a 2.1% gain at $108.27.