Solar Stock To Go Ex-dividend Tomorrow (SLRC)

NEW YORK ( TheStreet) -- The ex-dividend date for Solar Capital (Nasdaq: SLRC) is tomorrow, March 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $23.11 as of 9:30 a.m. ET, the dividend yield is 10.4%.

The average volume for Solar has been 361,700 shares per day over the past 30 days. Solar has a market cap of $827.2 million and is part of the financial sector and financial services industry. Shares are up 4.3% year to date as of the close of trading on Wednesday.

Solar Capital Ltd. is a business development company specializing in investments in leveraged companies, including middle market companies. The company has a P/E ratio of 13.7, below the average financial services industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Solar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Solar Ratings Report.

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