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

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.1934 per share by the asset manager on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Wednesday, April 15th.

Capital Southwest has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive 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 fall. Research analysts expect Capital Southwest to earn $2.44 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 95.1%.

Capital Southwest Stock Down 1.5%

Shares of NASDAQ:CSWC traded down $0.35 during trading hours on Thursday, reaching $22.63. The stock had a trading volume of 253,013 shares, compared to its average volume of 636,134. The firm’s 50 day moving average is $22.78 and its 200-day moving average is $22.06. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 12.49 and a beta of 0.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.15 and a current ratio of 0.15. Capital Southwest has a 1 year low of $17.46 and a 1 year high of $23.84.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, February 2nd. The asset manager reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. Capital Southwest had a return on equity of 13.76% and a net margin of 45.46%.The firm had revenue of $61.45 million during the quarter, compared to analysts’ expectations of $57.37 million. During the same quarter last year, the business posted $0.63 EPS. Research analysts predict that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

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.