Solar Senior Capital Ltd Plans Monthly Dividend of $0.12 (NASDAQ:SUNS)

Solar Senior Capital Ltd (NASDAQ:SUNS) declared a monthly dividend on Wednesday, January 8th, Zacks reports. Stockholders of record on Thursday, January 23rd will be paid a dividend of 0.117 per share by the asset manager on Friday, January 31st. This represents a $1.40 annualized dividend and a dividend yield of 7.84%. The ex-dividend date is Wednesday, January 22nd.

Solar Senior Capital has a payout ratio of 101.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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%.

Shares of SUNS opened at $17.91 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.56 and a quick ratio of 0.56. Solar Senior Capital has a 1 year low of $15.82 and a 1 year high of $18.29. The company has a 50 day simple moving average of $17.86 and a two-hundred day simple moving average of $17.34. The firm has a market cap of $287.37 million, a P/E ratio of 19.90 and a beta of 0.58.

Solar Senior Capital (NASDAQ:SUNS) last posted its earnings results on Monday, November 4th. The asset manager reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $10.40 million during the quarter, compared to the consensus estimate of $10.89 million. Solar Senior Capital had a return on equity of 8.59% and a net margin of 35.72%. On average, sell-side analysts anticipate that Solar Senior Capital will post 1.39 earnings per share for the current year.

SUNS has been the subject of a number of research reports. BidaskClub downgraded Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Maxim Group reiterated a “buy” rating and set a $19.00 target price on shares of Solar Senior Capital in a research report on Wednesday, November 6th. Finally, Zacks Investment Research upgraded Solar Senior Capital from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th.

About Solar Senior Capital

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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