Silver Spike Shares Trading Higher On Q2 Investment Income Growth Of 257% YoY
Portfolio Pulse from Vuk Zdinjak
Silver Spike Investment Corp. (NASDAQ:SSIC) reported Q2 2023 financial results, with total investment income of $2.9 million, a 257% YoY increase. The company also declared a cash dividend of $0.63 per share, payable on September 29, 2023. The company's shares were trading 8.15% higher at $9.49 during Friday's pre-market session.
August 11, 2023 | 1:21 pm
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Silver Spike's Q2 2023 results show significant YoY growth in investment income. The company also declared a cash dividend, which may attract investors, contributing to the pre-market rise in share price.
The significant YoY growth in Silver Spike's investment income indicates a strong financial performance, which is likely to boost investor confidence. The declaration of a cash dividend could also attract investors looking for income-generating stocks, contributing to the rise in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100