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

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Thursday, August 27th. Stockholders of record on Thursday, October 15th will be given a dividend of 0.1934 per share by the asset manager on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Thursday, October 15th.

Capital Southwest has raised its dividend payment 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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 Price Performance

NASDAQ:CSWC opened at $25.40 on Friday. The firm’s fifty day moving average is $24.11 and its two-hundred day moving average is $23.35. The firm 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 debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.17. Capital Southwest has a one year low of $19.37 and a one year high of $25.48.

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