Solar Senior Capital Ltd to Issue Monthly Dividend of $0.12 (NASDAQ:SUNS)

Solar Senior Capital Ltd (NASDAQ:SUNS) declared a monthly dividend on Monday, November 4th, Zacks reports. Investors of record on Thursday, November 21st will be given a dividend of 0.117 per share by the asset manager on Tuesday, December 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date of this dividend is Wednesday, November 20th.

NASDAQ SUNS traded down $0.03 during trading on Monday, hitting $17.80. 307 shares of the company’s stock were exchanged, compared to its average volume of 30,670. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.21. The company has a market cap of $285.12 million, a PE ratio of 12.62 and a beta of 0.59. Solar Senior Capital has a fifty-two week low of $14.50 and a fifty-two week high of $18.00. The stock’s 50 day moving average price is $17.46 and its two-hundred day moving average price is $16.90.

Solar Senior Capital (NASDAQ:SUNS) last issued its earnings results on Monday, November 4th. The asset manager reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $10.40 million during the quarter, compared to the consensus estimate of $10.89 million. Solar Senior Capital had a return on equity of 8.59% and a net margin of 35.72%. Analysts forecast that Solar Senior Capital will post 1.39 earnings per share for the current fiscal year.

Several research analysts have commented on the company. Zacks Investment Research downgraded Solar Senior Capital from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Maxim Group reissued a “buy” rating and set a $19.00 target price on shares of Solar Senior Capital in a research note on Wednesday, November 6th. Finally, BidaskClub downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th.

Solar Senior Capital Company Profile

Solar Senior Capital Ltd. is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. It does not invest in start-up companies or companies having speculative business plans.

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Dividend History for Solar Senior Capital (NASDAQ:SUNS)

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