Capital Southwest Corporation (CSWC) To Go Ex-Dividend on May 15th

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Tuesday, February 24th. Investors of record on Friday, May 15th will be paid a dividend of 0.1934 per share by the asset manager on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Friday, May 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 decline. Equities analysts expect Capital Southwest to earn $2.21 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 105.0%.

Capital Southwest Price Performance

Shares of CSWC stock opened at $23.78 on Wednesday. Capital Southwest has a 52-week low of $19.37 and a 52-week high of $24.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $1.43 billion, a P/E ratio of 13.14 and a beta of 0.71. The stock has a 50 day moving average price of $22.78 and a 200 day moving average price of $22.31.

Institutional Investors Weigh In On Capital Southwest

A number of institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in Capital Southwest by 197.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,654 shares of the asset manager’s stock valued at $103,000 after purchasing an additional 3,088 shares in the last quarter. Independent Financial Group LLC bought a new stake in Capital Southwest during the 1st quarter valued at $337,000. Arlington Capital Management Inc. bought a new stake in Capital Southwest during the 1st quarter valued at $477,000. Kestra Advisory Services LLC raised its position in Capital Southwest by 28.1% during the 1st quarter. Kestra Advisory Services LLC now owns 56,864 shares of the asset manager’s stock valued at $1,258,000 after purchasing an additional 12,486 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its position in Capital Southwest by 1.7% during the 1st quarter. Hodges Capital Management Inc. now owns 110,275 shares of the asset manager’s stock valued at $2,439,000 after purchasing an additional 1,813 shares in the last quarter. 23.42% of the stock is owned by institutional investors.

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.