Solar Senior Capital Ltd. (NASDAQ:SUNS) to Issue $0.12 Monthly Dividend
Solar Senior Capital Ltd. (NASDAQ:SUNS) announced a monthly dividend on Thursday, July 6th, NASDAQ reports. Investors of record on Thursday, July 20th will be given a dividend of 0.117 per share by the asset manager on Tuesday, August 1st. This represents a $1.40 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date is Tuesday, July 18th.
Solar Senior Capital (NASDAQ SUNS) traded up 1.12% during midday trading on Friday, reaching $17.17. The company had a trading volume of 29,784 shares. Solar Senior Capital has a 12-month low of $15.06 and a 12-month high of $18.46. The stock has a 50-day moving average price of $17.16 and a 200 day moving average price of $17.28.
Solar Senior Capital (NASDAQ:SUNS) last announced its earnings results on Tuesday, May 2nd. The asset manager reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $7.50 million for the quarter, compared to the consensus estimate of $7.96 million. Solar Senior Capital had a return on equity of 7.95% and a net margin of 76.74%. Analysts expect that Solar Senior Capital will post $1.41 EPS for the current fiscal year.
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Several brokerages have commented on SUNS. Maxim Group reaffirmed a “buy” rating and set a $18.50 target price on shares of Solar Senior Capital in a report on Wednesday, May 3rd. Zacks Investment Research downgraded Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.88.
Solar Senior Capital Company Profile
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans.
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