Solar Senior Capital Ltd. (SUNS) Plans $0.12 Monthly Dividend
Solar Senior Capital Ltd. (NASDAQ:SUNS) declared a monthly dividend on Thursday, October 5th, Wall Street Journal reports. Shareholders of record on Thursday, October 19th will be given a dividend of 0.1175 per share by the asset manager on Wednesday, November 1st. This represents a $1.41 annualized dividend and a yield of 7.99%. The ex-dividend date of this dividend is Wednesday, October 18th.
Solar Senior Capital (NASDAQ:SUNS) traded up 0.28% during trading on Thursday, reaching $17.64. 25,145 shares of the company’s stock traded hands. Solar Senior Capital has a 52-week low of $15.06 and a 52-week high of $18.46. The company’s 50 day moving average is $16.59 and its 200-day moving average is $17.23.
Solar Senior Capital (NASDAQ:SUNS) last announced its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Solar Senior Capital had a return on equity of 7.98% and a net margin of 76.07%. The firm had revenue of $7.66 million for the quarter, compared to analysts’ expectations of $8.24 million. Equities analysts anticipate that Solar Senior Capital will post $1.36 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub cut Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.17.
About Solar Senior Capital
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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