Solar Senior Capital Ltd (NASDAQ:SUNS) declared a monthly dividend on Tuesday, July 2nd, Zacks reports. Stockholders of record on Thursday, July 25th will be given a dividend of 0.117 per share by the asset manager on Thursday, August 1st. This represents a $1.40 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend is Wednesday, July 24th.

Solar Senior Capital has raised its dividend by an average of 2.9% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. 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 $1.38 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 102.2%.

NASDAQ:SUNS opened at $16.42 on Tuesday. The company has a market capitalization of $262.64 million, a price-to-earnings ratio of 11.53 and a beta of 0.58. The company’s 50 day moving average is $16.20. Solar Senior Capital has a 52 week low of $14.50 and a 52 week high of $17.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.07 and a quick ratio of 0.07.

Solar Senior Capital (NASDAQ:SUNS) last posted its earnings results on Monday, May 6th. The asset manager reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $10.23 million during the quarter, compared to analyst estimates of $10.10 million. Solar Senior Capital had a return on equity of 8.50% and a net margin of 38.53%. On average, sell-side analysts forecast that Solar Senior Capital will post 1.38 EPS for the current fiscal year.

A number of brokerages recently issued reports on SUNS. BidaskClub lowered Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Friday, June 28th.

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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