Solar Capital (NASDAQ:SLRC) declared a quarterly dividend on Wednesday, October 30th, American Banking and Market News reports. Stockholders of record on Thursday, December 19th will be given a dividend of $0.40 per share on Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 6.99%.
A number of analysts have recently weighed in on SLRC shares. Analysts at JMP Securities downgraded shares of Solar Capital from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, August 5th. They now have a $26.00 price target on the stock. On a related note, analysts at Keefe, Bruyette & Woods cut their price target on shares of Solar Capital from $24.00 to $23.00 in a research note to investors on Friday, August 2nd. They now have a “market perform” rating on the stock. Finally, analysts at National Securities downgraded shares of Solar Capital to a “neutral” rating in a research note to investors on Thursday, August 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.68.
Shares of Solar Capital (NASDAQ:SLRC) traded down 1.21% during mid-day trading on Wednesday, hitting $22.88. The stock had a trading volume of 253,578 shares. Solar Capital has a 1-year low of $21.13 and a 1-year high of $25.95. The stock has a 50-day moving average of $22.09 and a 200-day moving average of $23.25. The company has a market cap of $1.031 billion and a price-to-earnings ratio of 10.69.
Solar Capital Ltd. (NASDAQ:SLRC) is a closed-end, externally managed, non-diversified management investment company.
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