Capital Southwest Corporation (NASDAQ:CSWC) Declares $0.19 Monthly Dividend

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Tuesday, February 24th. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.1934 per share by the asset manager on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Wednesday, April 15th.

Capital Southwest has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Capital Southwest has a dividend payout ratio of 99.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Capital Southwest to earn $2.44 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 95.1%.

Capital Southwest Price Performance

NASDAQ CSWC traded down $0.26 during trading hours on Thursday, hitting $22.71. The company had a trading volume of 193,671 shares, compared to its average volume of 634,437. The firm has a 50 day simple moving average of $22.78 and a 200 day simple moving average of $22.06. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.58 and a beta of 0.76. Capital Southwest has a 52 week low of $17.46 and a 52 week high of $23.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.15 and a current ratio of 0.15.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, February 2nd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $61.45 million for the quarter, compared to analysts’ expectations of $57.37 million. Capital Southwest had a net margin of 45.46% and a return on equity of 13.76%. During the same period in the prior year, the company posted $0.63 EPS. Equities research analysts expect that Capital Southwest will post 2.54 earnings per share for the current year.

About Capital Southwest

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.