Gladstone Capital Corporation (GLAD) to Issue Monthly Dividend of $0.15 on November 30th

Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Tuesday, October 13th. Investors of record on Thursday, November 19th will be given a dividend of $0.15 per share by the investment management company on Monday, November 30th. This represents a $1.80 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Thursday, November 19th.

Gladstone Capital has increased its dividend payment 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 Price Performance

NASDAQ:GLAD opened at $18.92 on Thursday. The business has a fifty day simple moving average of $19.51 and a two-hundred day simple moving average of $19.18. Gladstone Capital has a 1 year low of $16.54 and a 1 year high of $21.73. The company has a market capitalization of $427.40 million, a P/E ratio of 9.18 and a beta of 0.94.

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

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market businesses in the United States. The company seeks to support established companies across a range of industries, typically working with businesses that may require flexible capital solutions to fund growth, acquisitions, recapitalizations, refinancings, or other strategic initiatives.

Its investment portfolio primarily consists of secured debt investments, including first-lien and second-lien loans, as well as subordinated debt and equity investments.