Why Fifth Street Finance (FSC) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Fifth Street Finance Corp. (FSC) are up 1.20% to $10.09 after UBS (UBS) said the board's announcement to raise its monthly dividend 10% effective in September to $1.10 annualized reflects "successful plan execution."

UBS raised its third quarter earnings per share estimate to 26 cents from 24 cents, and raised its fourth quarter earnings per share estimate to 26 cents from 25 cents.

The firm also maintained its "buy" rating and $10.50 price target.

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