Solar Senior Capital Ltd. (SUNS) to Issue Monthly Dividend of $0.12 on October 3rd
Solar Senior Capital Ltd. (NASDAQ:SUNS) announced a monthly dividend on Friday, September 15th, Wall Street Journal reports. Stockholders of record on Friday, September 22nd will be given a dividend of 0.1175 per share by the asset manager on Tuesday, October 3rd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend is Thursday, September 21st. This is a positive change from Solar Senior Capital’s previous monthly dividend of $0.12.
Solar Senior Capital (NASDAQ:SUNS) opened at 16.28 on Friday. The stock has a 50 day moving average of $16.60 and a 200 day moving average of $17.28. Solar Senior Capital has a one year low of $15.06 and a one year high of $18.46.
Solar Senior Capital (NASDAQ:SUNS) last announced its earnings results on Tuesday, August 1st. The asset manager reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. The company had revenue of $7.66 million during the quarter, compared to analyst estimates of $8.24 million. Solar Senior Capital had a return on equity of 7.98% and a net margin of 76.07%. Equities research analysts forecast that Solar Senior Capital will post $1.35 EPS for the current year.
A number of equities analysts have issued reports on the company. BidaskClub cut Solar Senior Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Solar Senior Capital from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Solar Senior Capital presently has a consensus rating of “Hold” and a consensus price target of $17.88.
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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