Shareholders can safely expect $0.40 dividends by Jul 5, 2017, from Solar Capital Ltd. (NASDAQ:SLRC).

June 19, 2017 - By Stephen Andrade

 Shareholders can safely expect $0.40 dividends by Jul 5, 2017, from Solar Capital Ltd. (NASDAQ:SLRC).
Investors sentiment increased to 1.49 in 2016 Q4. Its up 0.10, from 1.39 in 2016Q3. It is positive, as 8 investors sold Solar Capital Ltd. shares while 27 reduced holdings. 15 funds opened positions while 37 raised stakes. 23.58 million shares or 1.84% more from 23.15 million shares in 2016Q3 were reported.
Legal And General Gp Public Limited Co, United Kingdom-based fund reported 95,540 shares. Mckinley Lc Delaware reported 190,097 shares. Signia Capital Ltd owns 92,300 shares for 2.8% of their portfolio. Meritage Mgmt owns 183,230 shares. Putnam Investments Ltd Liability Corp reported 0.01% in Solar Capital Ltd. (NASDAQ:SLRC). Coe Cap Mngmt Ltd Com invested in 1.55% or 57,620 shares. Tcw Group Incorporated reported 0% of its portfolio in Solar Capital Ltd. (NASDAQ:SLRC). Shelton Mgmt has invested 0.03% in Solar Capital Ltd. (NASDAQ:SLRC). Van Eck Associate stated it has 175,284 shares or 0.02% of all its holdings. Commonwealth Equity Ser Inc owns 19,388 shares for 0% of their portfolio. Commercial Bank Of Montreal Can owns 238,001 shares. Blackrock Gp reported 252,799 shares or 0% of all its holdings. Citigroup Inc owns 17,735 shares. Confluence Investment Mngmt Limited Co has 527,738 shares. Hillsdale Invest Inc accumulated 180 shares or 0% of the stock.

Solar Capital Ltd. (NASDAQ:SLRC) is expected to pay $0.40 on Jul 5, 2017. The indicated annual dividend is $1.60. Shareholders owning the stock before Jun 20, 2017 will be eligible to receive the payout. Based on Solar Capital Ltd.’s current price of $21.78, the dividend is 1.84 %. This dividend’s record date is Jun 22, 2017 and the announcement date is May 3, 2017. The stock decreased 0.14% or $0.03 on June 16, reaching $21.78. About shares traded. Solar Capital Ltd. (NASDAQ:SLRC) has risen 18.52% since June 19, 2016 and is uptrending. It has outperformed by 1.82% the S&P500.

Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The company has market cap of $919.17 million. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It has a 9.61 P/E ratio. It invests in privately held the United States middle market companies.

Solar Capital Ltd. (NASDAQ:SLRC) Ratings Coverage

Among 5 analysts covering Solar Capital (NASDAQ:SLRC), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Solar Capital had 9 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Solar Capital Ltd. (NASDAQ:SLRC) earned “Buy” rating by Deutsche Bank on Thursday, August 4. The stock of Solar Capital Ltd. (NASDAQ:SLRC) earned “Neutral” rating by Citigroup on Wednesday, March 30. The rating was upgraded by Ladenburg Thalmann on Thursday, August 6 to “Buy”. DA Davidson initiated it with “Buy” rating and $20 target in Wednesday, September 30 report. The firm earned “Buy” rating on Wednesday, August 5 by National Securities. Citigroup maintained it with “Neutral” rating and $20 target in Tuesday, August 16 report. The firm has “Buy” rating given on Thursday, February 25 by Deutsche Bank. On Friday, February 24 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”.

More recent Solar Capital Ltd. (NASDAQ:SLRC) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Las Vegas Sands, Solar Capital and Getty Realty” on June 16, 2017. Also Seekingalpha.com published the news titled: “Solar Capital’s (SLRC) CEO Michael Gross on Q1 2017 Results – Earnings Call …” on May 03, 2017. Marketwired.com‘s news article titled: “Solar Capital Ltd. Issues $50 Million of Unsecured Private Notes” with publication date: November 10, 2016 was also an interesting one.

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