A dividend is defined as a payment made by a corporation to its shareholders by distributing a portion of its earnings. Dividend is considered to be a source of income to equity shareholders and plays a key role in a stock’s total return.
Today, we have shortlisted 15 U.S. Financial stocks that have recently made decent dividend announcements and also offer an entitlement opportunity to investors to receive dividends with record date starting November 26th, 2014. Moreover, these stocks could witness price appreciation in the run up to their Ex-dividend dates. We note that during the past one month, majority of the stocks have registered price gains with daily average trading volumes in excess of 100,000.
|
Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change (1-Month) |
Recently Announced |
Dividend Declared Date |
Dividend Payment Date |
Ex-Dividend Date |
Dividend Record Date |
|
Medley Capital Corp |
MCC |
NYSE |
683.6 |
11.78 |
396,740 |
1.5% |
0.4 |
10/30/2014 |
12/12/2014 |
11/24/2014 |
11/26/2014 |
|
RLI Corp |
RLI |
NYSE |
2,124.7 |
49.38 |
122,051 |
6.2% |
3.0 |
11/13/2014 |
12/22/2014 |
11/25/2014 |
11/28/2014 |
|
Cohen & Steers Inc |
CNS |
NYSE |
1,969.8 |
43.98 |
129,636 |
9.1% |
1.0 |
11/4/2014 |
12/19/2014 |
11/25/2014 |
11/28/2014 |
|
Ellington Financial LLC |
EFC |
NYSE |
733.6 |
21.93 |
297,874 |
-2.9% |
0.8 |
11/4/2014 |
12/15/2014 |
11/26/2014 |
12/1/2014 |
|
Fifth Street Senior Floating Rate Corp |
FSFR |
NASDAQ |
320.0 |
10.86 |
267,677 |
-3.0% |
0.3 |
9/12/2014 |
1/15/2015 |
12/11/2014 |
12/15/2014 |
|
THL Credit Inc |
TCRD |
NASDAQ |
453.0 |
13.36 |
158,394 |
4.7% |
0.3 |
11/6/2014 |
12/31/2014 |
12/11/2014 |
12/15/2014 |
|
New Mountain Finance Corp |
NMFC |
NYSE |
869.9 |
14.93 |
548,807 |
0.5% |
0.3 |
11/5/2014 |
12/30/2014 |
12/12/2014 |
12/16/2014 |
|
TICC Capital Corp |
TICC |
NASDAQ |
524.5 |
8.69 |
429,017 |
1.0% |
0.3 |
11/4/2014 |
12/31/2014 |
12/15/2014 |
12/17/2014 |
|
Solar Capital Ltd |
SLRC |
NASDAQ |
786.0 |
18.51 |
224,673 |
-0.5% |
0.4 |
11/4/2014 |
1/5/2015 |
12/16/2014 |
12/18/2014 |
|
Apollo Investment Corp |
AINV |
NASDAQ |
1,960.2 |
8.28 |
1,905,351 |
3.4% |
0.2 |
11/6/2014 |
1/5/2015 |
12/17/2014 |
12/19/2014 |
|
BlackRock Kelso Capital Corp |
BKCC |
NASDAQ |
663.5 |
8.90 |
370,033 |
2.8% |
0.2 |
11/6/2014 |
1/7/2015 |
12/22/2014 |
12/24/2014 |
|
Apollo Commercial Real Estate Finance Inc |
ARI |
NYSE |
769.3 |
16.42 |
315,612 |
0.9% |
0.4 |
10/28/2014 |
1/15/2015 |
12/29/2014 |
12/31/2014 |
|
Sunstone Hotel Investors Inc |
SHO |
NYSE |
3,226.8 |
15.71 |
1,719,444 |
7.8% |
0.4 |
10/31/2014 |
1/30/2015 |
12/29/2014 |
12/31/2014 |
|
TPG Specialty Lending Inc |
TSLX |
NYSE |
968.4 |
18.00 |
130,385 |
8.9% |
0.4 |
11/3/2014 |
1/31/2015 |
12/29/2014 |
12/31/2014 |
|
Ares Commercial Real Estate Corp |
ACRE |
NYSE |
341.0 |
11.92 |
131,921 |
-0.9% |
0.3 |
11/10/2014 |
1/15/2015 |
12/29/2014 |
12/31/2014 |
Source: Bloomberg
Company Description
Medley Capital Corp (NYSE: MCC)
Medley Capital Corp. is a non-diversified closed-end management investment company that operates as a business development company. The company’s investment objective is to generate current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies.
RLI Corp (NYSE: RLI)
RLI Corp., through its subsidiaries, underwrites selected property, casualty, and surety insurance products. The company’s principal subsidiary, RLI Insurance Group, provides specialty property and casualty coverages for primarily commercial risks.
Cohen & Steers Inc (NYSE: CNS)
Cohen & Steers, Inc. manages portfolios specializing in global real estate securities, large cap value stocks, listed infrastructure, and preferred securities, as well as alternative investment strategies for qualified investors. The firm serves individual and institutional investors around the world through a broad range of investment vehicles.
Ellington Financial LLC (NYSE: EFC)
Ellington Financial LLC acquires and manages mortgage-related assets. The company seeks to provide risk-adjusted total returns. Ellington invests in residential mortgage-backed securities backed by prime jumbo, Alt-A and sub-prime residential mortgage loans; mortgage related securities; and derivatives on corporate debt and equity securities.
Fifth Street Senior Floating Rate Corp (NASDAQ: FSFR)
Fifth Street Senior Floating Rate Corp. is an externally managed investment company. The company’s investment objective is to maximize the portfolio’s total return by generating current income from debt investments while seeking to preserve capital.
THL Credit Inc (NASDAQ: TCRD)
THL Credit, Inc. is an externally-managed, non-diversified closed-end management investment company. The company’s investment objective is to generate both current income and capital appreciation, primarily through the origination of privately negotiated investments in debt and equity securities in middle market companies.
New Mountain Finance Corp (NYSE: NMFC)
New Mountain Finance Corporation is a closed-end, non-diversified management investment firm. The company’s investment objective is to generate current income and capital appreciation through investments in debt securities. New Mountains primary focus is in the debt of high quality and defensive growth companies.
TICC Capital Corp (NASDAQ: TICC)
TICC Capital Corporation is a publicly-traded business development company principally engaged in providing capital to established businesses, investing in syndicated bank loans and purchasing debt and equity tranches of collateralized loan obligations.
Solar Capital Ltd (NASDAQ: SLRC)
Solar Capital Ltd. is an an externally managed finance company. The company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. Solar invests primarily in leveraged companies, including middle-market companies, in the form of senior secured loans, mezzanine loans and equity securities.
Apollo Investment Corp (NASDAQ: AINV)
Apollo Investment Corporation is a closed-end, non-diversified management investment company that has elected to be treated as a business development company. The company invests primarily in middle-market companies in the form of mezzanine and senior secured loans, which may include an equity component, and, to a lesser extent, by making equity investments in such companies.
BlackRock Kelso Capital Corp (NASDAQ: BKCC)
BlackRock Kelso Capital Corporation is an externally-managed, non-diversified closed-end management investment company that provides middle-market companies with a wide range of financing solutions. The company’s solutions include senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.
Apollo Commercial Real Estate Finance Inc (NYSE: ARI)
Apollo Commercial Real Estate Finance, Inc. is a commercial real estate finance company. The company invests in, acquires and manages commercial real estate mortgage loans, commercial mortgage-backed securities, commercial real estate corporate debt and loans, and other real estate-related debt investments in the United States.
Sunstone Hotel Investors Inc (NYSE: SHO)
Sunstone Hotel Investors, Inc. is a hospitality and lodging real estate investment trust that owns primarily upper scale and upscale hotels in the United States. The company’s hotels are operated under various branded names.
TPG Specialty Lending Inc (NYSE: TSLX)
TPG Specialty Lending, Inc. provides flexible funding sources. The company markets its services to middle market companies, primarily located in the United States, across a wide range of industries which may have limited access to capital.
Ares Commercial Real Estate Corp (NYSE: ACRE)
Ares Commercial Real Estate Corp. is a newly organized specialty finance company. The company is focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate, or “CRE-,” related investments.
