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Sierra Income Corporation ("Sierra" or the "Company") today announced that its Board of Directors declared a series of semi-monthly distributions for April, May and June 2017 of $0.
In trading on Thursday, shares of Medley Capital Corporation crossed below their 200 day moving average of $7.41, changing hands as low as $7.38 per share. Medley Capital Corporation shares are currently trading off about 1.3% on the day.
Medley Capital Corporation has been named as a Top 10 dividend-paying financial stock, according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among shares of financial companies, MCC displayed both attractive valuation metrics and strong profitability metrics.
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.
Sierra Income Corporation (the "Company"), today announced that it will release its financial results for the year ended December 31, 2016 on March 6, 2017 after the close of the financial markets.
Looking at the universe of stocks we cover at Dividend Channel, on 2/17/17, Medley Capital Corporation will trade ex-dividend, for its quarterly dividend of $0.22, payable on 3/24/17. As a percentage of MCC's recent stock price of $7.92, this dividend works out to approximately 2.78%, so look for shares of Medley Capital Corporation to trade 2.78% lower — all else being equal — when MCC shares open for trading on 2/17/17.
In recent trading, shares of Medley Capital Corp have crossed above the average analyst 12-month target price of $7.88, changing hands for $8.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
Insiders at these companies -- including Arconic and Alliance Data Systems -- have been scooping up shares of their own stock lately.
Sierra Income Corporation, a business development company that makes senior secured investments in U.
Sierra Income Corporation ("Sierra" or the "Company") today announced that its Board of Directors declared a series of semi-monthly distributions for January, February and March 2017 of $0.
Sierra Income Corporation (the "Company"), a non-traded business development company, today announced that it surpassed $900 million in total equity capital raised as of December 31, 2016.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Medley Capital Corporation presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
In trading on Monday, shares of Medley Capital Corporation crossed below their 200 day moving average of $7.12, changing hands as low as $6.82 per share. Medley Capital Corporation shares are currently trading down about 4.2% on the day.