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

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Wednesday, May 27th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.1934 per share by the asset manager on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Friday, August 14th.

Capital Southwest has increased its dividend by an average of 0.0%annually 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 fall. Equities research 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 Stock Performance

Shares of CSWC stock opened at $23.27 on Thursday. The stock has a market cap of $1.45 billion, a PE ratio of 12.25 and a beta of 0.71. The business has a 50-day simple moving average of $23.04 and a 200-day simple moving average of $22.53. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56. Capital Southwest has a 52-week low of $19.37 and a 52-week high of $24.43.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSWC. Weiss Ratings upgraded shares of Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, January 28th. B. Riley Financial increased their price target on Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a research report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Capital Southwest presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Capital Southwest Company Profile

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.