Fifth Street Finance Declares Monthly Dividend of $0.10 (FSC)
Fifth Street Finance (NYSE:FSC) declared a monthly dividend on Wednesday, January 16th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.10 per share on Friday, May 31st. This represents a $1.15 dividend on an annualized basis and a yield of 10.82%. The ex-dividend date of this dividend is Monday, May 13th.
A number of research firms have also recently commented on FSC. Analysts at Zacks downgraded shares of Fifth Street Finance from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, December 27th. They now have a $9.80 price target on the stock. Analysts at Credit Suisse initiated coverage on shares of Fifth Street Finance in a research note to investors on Tuesday, October 23rd. They set a “neutral” rating on the stock.
Five investment analysts have rated the stock with a buy rating, and eight have given a hold rating to the stock. The stock currently has a consensus rating of “overweight” and a consensus price target of $11.20.
Fifth Street Finance (FSC) traded up 0.09% on Wednesday, hitting $10.63. Fifth Street Finance (FSC) has a 1-year low of $8.99 and a 1-year high of $11.08. The stock’s 50-day moving average is currently $10.59.
Fifth Street Finance last announced its earnings results on Wednesday, November 28th. The company reported $0.27 EPS for the quarter. The company had revenue of $43.10 million for the quarter. Analysts expect that Fifth Street Finance (FSC) will post $1.11 EPS for the current fiscal year.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with investments by private equity sponsors.
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