This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Top 10 Dividend Stocks

7. Solar Capital (SLRC - Get Report) is an investment company for leveraged, middle-market companies. Solar Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments.

The company declared a quarterly dividend of 60 cents per share payable Dec. 29 to shareholders of record Dec. 15. Net operating cash stood at $32.5 million as of Sept. 30. Currently, the company is trading at a dividend yield of 13.9% and 12.1% one-year dividend growth, as per data compiled by Bloomberg.

For the third quarter, the company reported investment income of $35.3 billion from $29.4 billion in the third quarter of 2010. Net investment income for the company grew 32.7% to $20.7 billion, compared to $15.6 billion in same quarter last year. Total investment value was about $1 billion at the end of the quarter and $976.2 million as of Dec. 31, 2010. Cash and cash equivalents stood at $233 million at the end of the quarter.

Recently, the company announced that a new lender has committed $50 million to its senior secured credit facility, bringing total commitment under the agreement to $405 million and the facility will mature in Feb. 2013 and with scope for expansion to $600 million.

Of the 11 analysts covering the stock, 64% recommend a buy and 36% rate a hold. A consensus forecast of analysts polled by Bloomberg has average 12-month price target of $24.78 for the stock, about 15.2% higher than the current price.

4 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
EPD $32.40 0.00%
ETE $62.20 0.00%
INTC $32.00 0.00%
LINE $11.57 0.00%
PG $82.31 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs