Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) to Issue $0.19 Quarterly Dividend

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.19 per share by the investment management company on Friday, December 29th. This represents a $0.76 annualized dividend and a dividend yield of 8.78%. The ex-dividend date of this dividend is Thursday, December 14th.

Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ FSFR) traded up 2.36% on Thursday, hitting $8.66. The stock had a trading volume of 120,867 shares. Fifth Street Senior Floating Rate Corp. has a 52 week low of $7.30 and a 52 week high of $10.37. The firm has a 50-day moving average price of $8.25 and a 200-day moving average price of $8.46.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last issued its earnings results on Wednesday, August 9th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $12.03 million for the quarter. Fifth Street Senior Floating Rate Corp. had a return on equity of 7.29% and a net margin of 30.81%. On average, equities analysts predict that Fifth Street Senior Floating Rate Corp. will post $0.74 EPS for the current fiscal year.

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FSFR has been the topic of several recent analyst reports. Zacks Investment Research downgraded Fifth Street Senior Floating Rate Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. TheStreet raised Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Deutsche Bank AG reissued a “hold” rating and set a $9.25 target price (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research note on Tuesday, July 18th. Maxim Group restated a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a report on Thursday. Finally, BidaskClub cut Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $9.25.

About Fifth Street Senior Floating Rate Corp.

Fifth Street Senior Floating Rate Corp. is a closed-end, non-diversified management investment company. The Company operates as a specialty finance company. The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments while seeking to preserve its capital.

Dividend History for Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR)

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