Solar Senior Capital Ltd (NASDAQ:SUNS) declared a monthly dividend on Thursday, September 6th, NASDAQ reports. Investors of record on Tuesday, September 25th will be given a dividend of 0.117 per share by the asset manager on Tuesday, October 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date is Monday, September 24th.

Solar Senior Capital has a dividend payout ratio of 100.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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%.

SUNS stock traded up $0.11 during trading on Wednesday, reaching $16.84. 2,405 shares of the stock were exchanged, compared to its average volume of 37,566. Solar Senior Capital has a twelve month low of $16.10 and a twelve month high of $18.40. The company has a market cap of $269.80 million, a P/E ratio of 11.94 and a beta of 0.56.

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

A number of research analysts recently weighed in on SUNS shares. Zacks Investment Research downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. BidaskClub downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, Maxim Group reissued a “buy” rating and issued a $18.50 price objective on shares of Solar Senior Capital in a research note on Tuesday, August 7th.

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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