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Ex-Dividend Reminder: Solar Capital, Synovus Financial and Getty Realty
Monday, September 17, 10:09 AM ET, by Market News Video Staff

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Get An Even Better Deal On SLRC Than Director Hochberg Did

By Dividend Channel Staff, Wednesday, December 19, 11:23 AM ET
Play Video: One Reason For Insiders to Buy


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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on December 14, Solar Capital Ltd.'s Director, Steven Hochberg, invested $101,752.50 into 5,000 shares of SLRC, for a cost per share of $20.35. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Wednesday, bargain hunters could buy shares of Solar Capital Ltd. (NASDAQ:SLRC) and achieve a cost basis 4.4% cheaper than Hochberg, with shares changing hands as low as $19.46 per share. Solar Capital Ltd. shares are currently trading up about 0.4% on the day. The chart below shows the one year performance of SLRC shares, versus its 200 day moving average:

Solar Capital Ltd. Chart

Looking at the chart above, SLRC's low point in its 52 week range is $19.46 per share, with $22 as the 52 week high point — that compares with a last trade of $19.53. By comparison, below is a table showing the prices at which SLRC insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
12/14/2018 Steven Hochberg Director 5,000 $20.35 $101,752.50

The current annualized dividend paid by Solar Capital Ltd. is $1.64/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/19/2018. Below is a long-term dividend history chart for SLRC, which can be of good help in judging whether the most recent dividend with approx. 8.3% annualized yield is likely to continue.


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