Dividend On Watch: Can we expect Fifth Street Finance Corp. (NASDAQ:FSC) to bring investors news of $0.06 dividends?

Dividend On Watch: Can we expect Fifth Street Finance Corp. (NASDAQ:FSC) to bring investors news of $0.06 dividends?

Fifth Street Finance Corp. (NASDAQ:FSC) is expected to pay $0.06 on Nov 30, 2016. The indicated annual dividend is $0.72. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Fifth Street Finance Corp.’s current price of $5.37, the dividend is 1.12%. This dividend’s record date is Nov 15, 2016 and the announcement date is Aug 29, 2016. The stock increased 1.70% or $0.09 during the last trading session, hitting $5.37. Fifth Street Finance Corp. (NASDAQ:FSC) has risen 4.88% since April 7, 2016 and is uptrending. It has outperformed by 0.10% the S&P500.

Fifth Street Finance Corp. is a specialty finance firm that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. The company has a market cap of $803.10 million. The Company’s investment objective is to maximize the portfolio’s total return by generating current income from the debt investments and capital appreciation from the equity investments. It currently has negative earnings. The Firm is externally managed and advised by Fifth Street Management LLC .

Insitutional Activity: The institutional sentiment increased to 0.86 in 2016 Q2. Its up 0.15, from 0.71 in 2016Q1. The ratio improved, as 25 funds sold all Fifth Street Finance Corp. shares owned while 34 reduced positions. 18 funds bought stakes while 33 increased positions. They now own 44.15 million shares or 2.22% less from 45.16 million shares in 2016Q1.
Virginia Retirement System Et Al has 12,800 shares for 0% of their US portfolio. The New York-based Citigroup Incorporated has invested 0% in Fifth Street Finance Corp. (NASDAQ:FSC). Pvg Asset Mngmt has 443,552 shares for 0% of their US portfolio. The New York-based Oppenheimer And Com has invested 0% in Fifth Street Finance Corp. (NASDAQ:FSC). Clear Harbor Asset Limited Liability owns 136,020 shares or 0.14% of their US portfolio. Ladenburg Thalmann Financial Svcs Inc has 177,752 shares for 0.01% of their US portfolio. Moreover, Moody Fincl Bank Tru Division has 0.01% invested in Fifth Street Finance Corp. (NASDAQ:FSC) for 52,265 shares. First Allied Advisory Svcs holds 13,465 shares or 0% of its portfolio. Commonwealth Equity Services reported 19,661 shares or 0% of all its holdings. Selway Asset Management has 0.64% invested in the company for 206,230 shares. Amer Ins Tx accumulated 0.03% or 103,250 shares. Wells Fargo And Mn last reported 517,977 shares in the company. Quantbot Lp reported 4,731 shares or 0% of all its holdings. California Pub Employees Retirement Systems reported 357,100 shares or 0% of all its holdings. State Street holds 23,685 shares or 0% of its portfolio.

Fifth Street Finance Corp. (NASDAQ:FSC) Ratings Coverage

Out of 4 analysts covering Fifth Street Finance (NASDAQ:FSC), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Fifth Street Finance has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, May 24 by Maxim Group. The rating was upgraded by Wells Fargo to “Outperform” on Tuesday, January 19. The rating was maintained by Wood on Monday, August 24 with “Neutral”. Deutsche Bank maintained Fifth Street Finance Corp. (NASDAQ:FSC) rating on Tuesday, August 16. Deutsche Bank has “Buy” rating and $6.50 price target. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, August 11.

More important recent Fifth Street Finance Corp. (NASDAQ:FSC) news were published by: Fool.com which released: “Fifth Street Finance Corp.’s SEC Problems Could Cost Shareholders” on August 17, 2016, also Fool.com published article titled: “Why Fifth Street Finance Corp. Stock is Worth a Second Look”, Fool.com published: “It’s Time for Change at Fifth Street Finance Corp.” on February 16, 2016. More interesting news about Fifth Street Finance Corp. (NASDAQ:FSC) was released by: Fool.com and their article: “Instant Analysis: Fifth Street Finance Corp.’s Fee Reduction” with publication date: January 21, 2016.

FSC Company Profile

Fifth Street Finance Corp., incorporated on October 9, 2007, is a specialty finance firm that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. The Company’s investment objective is to maximize the Company’s portfolio’s total return by generating income from its debt investments and capital appreciation from its equity investments. As of September 30, 2014, the Company consists of 124 investments, 104 of which were in operating companies, one of which was in a senior loan fund vehicle and 19 of which were in private equity funds. The 19 investments in private equity funds represented less than 1% of the fair value of the Company’s assets at September 30, 2014. The Firm is externally managed and advised by Fifth Street Management LLC.

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