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October 30, 2011 at 06:56 AM
Fifth Street Finance (FSC), a lender to mid-sized companies and private equity firms, has been in the news several times in the last week.
First off, a nod from Forbes magazine, which touts it as a Top 10 dividend-paying financial stock, according to Dividend Channel. he article mentioned that FSC is trading below book value and has a very attractive annual yield.
Wells Fargo’s latest research report is less favorable. The firm lowered its rating on FSC to “market perform” from “outperform,” citing a strong possibility that the dividend may be cut be a few cents a share due to less-than-expected growth of its loan portfolio.
