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

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Thursday, August 27th. Shareholders of record on Tuesday, December 15th will be given a dividend of 0.1934 per share by the asset manager on Thursday, December 31st. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, December 15th.

Capital Southwest has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. Capital Southwest has a dividend 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. Research analysts expect Capital Southwest to earn $2.37 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 97.9%.

Capital Southwest Trading Up 0.6%

Shares of NASDAQ CSWC opened at $25.40 on Friday. Capital Southwest has a twelve month low of $19.37 and a twelve month high of $25.48. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 14.03 and a beta of 0.69. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average is $24.11 and its 200-day moving average is $23.35.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $61.05 million during the quarter, compared to analysts’ expectations of $61.22 million. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. During the same quarter in the prior year, the company earned $0.61 EPS. Equities research analysts predict that Capital Southwest will post 2.27 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citizens Jmp lifted their target price on Capital Southwest from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 5th. B. Riley Financial raised their price target on Capital Southwest from $24.50 to $25.50 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Capital Southwest in a report on Thursday, June 18th. Finally, Citigroup reiterated a “market outperform” rating on shares of Capital Southwest in a report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital Southwest currently has an average rating of “Moderate Buy” and an average price target of $23.60.

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.