Solar Stock To Go Ex-dividend Tomorrow (SLRC)

NEW YORK ( TheStreet) -- The ex-dividend date for Solar Capital (Nasdaq: SLRC) is tomorrow, June 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $22.06 as of 9:30 a.m. ET, the dividend yield is 11%.

The average volume for Solar has been 238,600 shares per day over the past 30 days. Solar has a market cap of $810.1 million and is part of the financial sector and financial services industry. Shares are down 1.3% 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 13.9, above the average financial services industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Solar as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Solar Ratings Report.

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