Capital Southwest Corporation (CSWC) to Issue Monthly Dividend of $0.19 on June 30th

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Tuesday, February 24th. Investors of record on Monday, June 15th will be paid a dividend of 0.1934 per share by the asset manager on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Monday, June 15th.

Capital Southwest has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. Capital Southwest has a payout ratio of 99.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Capital Southwest to earn $2.15 per share next year, which means the company may not be able to cover its $2.32 annual dividend with an expected future payout ratio of 107.9%.

Capital Southwest Trading Up 0.5%

Shares of CSWC opened at $23.54 on Friday. Capital Southwest has a 12-month low of $19.37 and a 12-month high of $24.43. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 12.39 and a beta of 0.69. The stock’s 50-day moving average price is $23.41 and its 200 day moving average price is $22.74.

Hedge Funds Weigh In On Capital Southwest

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. boosted its stake in Capital Southwest by 29.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 284,778 shares of the asset manager’s stock worth $6,308,000 after purchasing an additional 64,706 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Capital Southwest by 17.1% during the 4th quarter. Sound Income Strategies LLC now owns 885,967 shares of the asset manager’s stock worth $20,980,000 after buying an additional 129,181 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Capital Southwest during the 3rd quarter worth about $1,484,000. Muzinich & Co. Inc. boosted its stake in shares of Capital Southwest by 55.6% during the 4th quarter. Muzinich & Co. Inc. now owns 425,322 shares of the asset manager’s stock worth $9,421,000 after buying an additional 152,057 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Capital Southwest by 8.2% during the 3rd quarter. Van ECK Associates Corp now owns 1,457,146 shares of the asset manager’s stock worth $31,853,000 after buying an additional 109,846 shares during the last quarter. 23.42% of the stock is owned by institutional investors and hedge funds.

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.