Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on September 10th

Gladstone Capital Corporation (NASDAQ:GLAD) announced a special dividend on Monday, August 31st. Stockholders of record on Thursday, September 10th will be given a dividend of 0.18 per share by the investment management company on Wednesday, September 16th. The ex-dividend date is Thursday, September 10th.

Gladstone Capital has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Gladstone Capital has a dividend payout ratio of 89.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Gladstone Capital to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 90.9%.

Gladstone Capital Stock Performance

Shares of Gladstone Capital stock opened at $20.10 on Tuesday. The firm has a market capitalization of $454.06 million, a PE ratio of 9.76 and a beta of 0.93. The firm’s 50 day moving average is $19.59 and its 200 day moving average is $18.94. Gladstone Capital has a 1 year low of $16.54 and a 1 year high of $26.29.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. The business had revenue of $24.50 million during the quarter, compared to analysts’ expectations of $24.90 million. As a group, research analysts anticipate that Gladstone Capital will post 1.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gladstone Capital has a consensus rating of “Hold” and an average price target of $21.67.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.