Ex-Dividend Date Insight: Solar Senior Capital

Solar Senior Capital SUNS declared a dividend payable on January 5, 2021 to its shareholders as of December 8, 2020. It was also announced that shareholders of Solar Senior Capital's stock as of December 22, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Solar Senior Capital, whose current dividend payout is $0.1, has an ex-dividend date set at December 21, 2020. The payout equates to a dividend yield of 8.26% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Solar Senior Capital's Dividend History

Over the past year, Solar Senior Capital has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on August 19, 2020 the company's payout was $0.1, which has returned to its value today. Solar Senior Capital's dividend yield last year was 9.25%, which has since decreased by 0.99%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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