Solar Senior Capital Ltd (NASDAQ:SUNS) announced a monthly dividend on Monday, August 6th, NASDAQ reports. Shareholders of record on Thursday, August 23rd will be paid a dividend of 0.117 per share by the asset manager on Friday, August 31st. This represents a $1.40 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date of this dividend is Wednesday, August 22nd.

Solar Senior Capital has a payout ratio of 100.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Solar Senior Capital to earn $1.40 per share next year, which means the company may not be able to cover its $1.41 annual dividend with an expected future payout ratio of 100.7%.

Shares of Solar Senior Capital stock opened at $16.88 on Friday. Solar Senior Capital has a fifty-two week low of $16.10 and a fifty-two week high of $18.40. The company has a market capitalization of $271.40 million, a price-to-earnings ratio of 11.97 and a beta of 0.60.

Solar Senior Capital (NASDAQ:SUNS) last issued its earnings results on Monday, August 6th. The asset manager reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Solar Senior Capital had a net margin of 64.99% and a return on equity of 8.37%. The firm had revenue of $9.47 million for the quarter, compared to analyst estimates of $9.60 million. equities research analysts expect that Solar Senior Capital will post 1.4 EPS for the current fiscal year.

A number of brokerages have weighed in on SUNS. BidaskClub lowered shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Maxim Group restated a “buy” rating and issued a $18.50 target price on shares of Solar Senior Capital in a research report on Tuesday, August 7th. ValuEngine lowered shares of Solar Senior Capital from a “buy” rating to a “hold” rating in a research report on Monday, April 23rd. Finally, Zacks Investment Research lowered shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Friday, May 11th.

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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