Solar Senior Capital Ltd. (SUNS) Declares $0.12 Monthly Dividend
Solar Senior Capital Ltd. (NASDAQ:SUNS) announced a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Wednesday, November 22nd will be given a dividend of 0.1175 per share by the asset manager on Friday, December 1st. This represents a $1.41 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date is Tuesday, November 21st.
Solar Senior Capital (NASDAQ SUNS) traded up $0.27 during midday trading on Friday, reaching $17.93. The company had a trading volume of 48,126 shares, compared to its average volume of 37,129. The firm has a market cap of $283.65, a P/E ratio of 12.64 and a beta of 0.63.
Solar Senior Capital (NASDAQ:SUNS) last posted its earnings results on Thursday, November 2nd. The asset manager reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Solar Senior Capital had a return on equity of 8.39% and a net margin of 76.43%. The firm had revenue of $7.97 million during the quarter, compared to analysts’ expectations of $7.82 million. equities analysts predict that Solar Senior Capital will post 1.36 earnings per share for the current year.
SUNS has been the subject of a number of research analyst reports. BidaskClub cut Solar Senior Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Solar Senior Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.17.
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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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