Alcentra Capital Corp Declares Quarterly Dividend of $0.34 (ABDC)
Alcentra Capital Corp (NASDAQ:ABDC) announced a quarterly dividend on Tuesday, August 12th, AmericanBankingNews.com reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.34 per share on Monday, October 6th. This represents a $1.36 annualized dividend and a dividend yield of 10.65%.
A number of research firms have recently commented on ABDC. Analysts at Raymond James upgraded shares of Alcentra Capital Corp from an “outperform” rating to a “strong-buy” rating in a research note on Monday, July 14th. They now have a $16.00 price target on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Alcentra Capital Corp in a research note on Tuesday, June 3rd. They set an “outperform” rating and a $15.00 price target on the stock.
Alcentra Capital Corp (NASDAQ:ABDC) traded down 2.82% on Tuesday, hitting $12.41. 204,407 shares of the company’s stock traded hands. Alcentra Capital Corp has a 1-year low of $10.60 and a 1-year high of $15.50. The stock has a 50-day moving average of $13.88 and a 200-day moving average of $14.28.
Alcentra Capital Corporation is a specialty finance company. The Company operates as a non-diversified, closed-end management investment company and focused to be regulated as a business development company (NASDAQ:ABDC).
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