Solar Capital Declares Quarterly Dividend of $0.60 (SLRC)
Solar Capital (NASDAQ:SLRC) declared a quarterly dividend on Monday, February 25th. Investors of record on Thursday, March 21st will be given a dividend of $0.60 per share on Tuesday, April 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 9.70%.
Several analysts have also recently commented on the stock. Analysts at Ladenburg Thalmann raised their price target on shares of Solar Capital from $23.50 to $25.00 in a research note to investors on Tuesday, December 18th. They now have a “buy” rating on the stock. Analysts at TheStreet upgraded shares of Solar Capital to a “buy” rating in a research note to investors on Thursday, December 6th.
Four equities research analysts have rated the stock with a buy rating, and three have given a hold rating to the stock. The stock presently has an average rating of “overweight” and a consensus target price of $25.29.
Solar Capital (SLRC) traded down 2.17% on Monday, hitting $24.74. Solar Capital (SLRC) has a 1-year low of $20.05 and a 1-year high of $25.95. The stock’s 50-day moving average is currently $24.91. The company has a market cap of $1.106 billion and a price-to-earnings ratio of 6.43.
Solar Capital Ltd. (Solar) is a closed-end, externally managed, non-diversified management investment company.
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