Gladstone Capital Corporation (NASDAQ:GLAD) Plans $0.15 Monthly Dividend

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, January 13th. Stockholders of record on Friday, January 23rd will be given a dividend of 0.15 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Friday, January 23rd.

Gladstone Capital has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Gladstone Capital has a payout ratio of 89.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Gladstone Capital to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 88.7%.

Gladstone Capital Stock Down 1.4%

Shares of NASDAQ GLAD opened at $20.72 on Wednesday. The firm has a market cap of $468.13 million, a PE ratio of 8.09 and a beta of 0.93. The company’s fifty day simple moving average is $20.51 and its 200 day simple moving average is $23.15. Gladstone Capital has a 12-month low of $18.76 and a 12-month high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Monday, November 17th. The investment management company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Gladstone Capital had a net margin of 64.36% and a return on equity of 9.48%. The firm had revenue of $23.94 million for the quarter, compared to analyst estimates of $22.72 million. On average, equities analysts predict that Gladstone Capital will post 2.03 earnings per share for the current year.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.