Solar Senior Capital Ltd (SUNS) to Issue Dividend Increase – $0.12 Per Share
Solar Senior Capital Ltd (NASDAQ:SUNS) declared a monthly dividend on Friday, February 23rd, Wall Street Journal reports. Investors of record on Thursday, March 22nd will be paid a dividend of 0.1175 per share by the asset manager on Tuesday, April 3rd. This represents a $1.41 annualized dividend and a yield of 8.51%. The ex-dividend date is Wednesday, March 21st. This is a boost from Solar Senior Capital’s previous monthly dividend of $0.12.
Solar Senior Capital (NASDAQ SUNS) opened at $16.57 on Friday. Solar Senior Capital has a 1 year low of $16.10 and a 1 year high of $18.46. The stock has a market cap of $268.18, a price-to-earnings ratio of 11.51, a P/E/G ratio of 2.34 and a beta of 0.61.
Solar Senior Capital (NASDAQ:SUNS) last announced its earnings results on Thursday, February 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Solar Senior Capital had a net margin of 76.43% and a return on equity of 8.39%. analysts expect that Solar Senior Capital will post 1.41 EPS for the current fiscal year.
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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