Fifth Street Finance Corp. Plans Monthly Dividend of $0.08 (FSC)
Fifth Street Finance Corp. (NYSE:FSC) announced a monthly dividend on Friday, February 7th, American Banking News reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.0833 per share on Friday, August 29th. This represents a $1.00 annualized dividend and a dividend yield of 10.40%. The ex-dividend date is Wednesday, August 13th.
A number of research firms have recently commented on FSC. Analysts at National Securities upgraded shares of Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 24th. They now have a $10.50 price target on the stock. On the ratings front, analysts at Zacks upgraded shares of Fifth Street Finance Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $9.40 price target on the stock. Finally, analysts at Barclays upgraded shares of Fifth Street Finance Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, December 16th. They now have a $11.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Fifth Street Finance Corp. presently has a consensus rating of “Buy” and an average target price of $10.63.
Fifth Street Finance Corp. (NYSE:FSC) traded up 0.52% on Friday, hitting $9.61. 1,719,043 shares of the company’s stock traded hands. Fifth Street Finance Corp. has a 52-week low of $8.94 and a 52-week high of $11.13. The stock has a 50-day moving average of $9.33 and a 200-day moving average of $10.02. The company has a market cap of $1.338 billion and a price-to-earnings ratio of 10.66.
Fifth Street Finance Corp. (NYSE:FSC) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. On average, analysts predict that Fifth Street Finance Corp. will post $1.02 earnings per share for the current fiscal year.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with investments by private equity sponsors.
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