Solar Capital Ltd. (NASDAQ:SLRC) announced a quarterly dividend on Thursday, August 3rd, Zacks reports. Stockholders of record on Thursday, September 21st will be paid a dividend of 0.40 per share by the financial services provider on Tuesday, October 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date is Wednesday, September 20th.

Shares of Solar Capital (NASDAQ SLRC) opened at 20.82 on Friday. Solar Capital has a 12 month low of $19.26 and a 12 month high of $22.94. The stock’s 50 day moving average is $21.57 and its 200-day moving average is $21.92.

Solar Capital (NASDAQ:SLRC) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.03). Solar Capital had a net margin of 54.87% and a return on equity of 7.30%. The firm had revenue of $33.89 million for the quarter, compared to analyst estimates of $36.51 million. On average, analysts anticipate that Solar Capital will post $1.62 earnings per share for the current year.

An institutional investor recently raised its position in Solar Capital stock. Northern Trust Corp grew its stake in Solar Capital Ltd. (NASDAQ:SLRC) by 11.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,412 shares of the financial services provider’s stock after acquiring an additional 1,088 shares during the period. Northern Trust Corp’s holdings in Solar Capital were worth $228,000 as of its most recent filing with the SEC. 62.75% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/15/solar-capital-ltd-slrc-to-issue-quarterly-dividend-of-0-40-on-october-3rd.html.

A number of equities analysts recently weighed in on SLRC shares. Zacks Investment Research upgraded shares of Solar Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Solar Capital from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods set a $23.00 target price on shares of Solar Capital and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, National Securities reaffirmed a “buy” rating and set a $24.00 target price on shares of Solar Capital in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $22.88.

Solar Capital Company Profile

Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies.

Dividend History for Solar Capital (NASDAQ:SLRC)

Receive News & Ratings for Solar Capital Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solar Capital Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.