Gladstone Capital Corporation Announces Monthly Dividend of $0.15 (NASDAQ:GLAD)

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, January 13th. Investors of record on Wednesday, February 18th will be given a dividend of 0.15 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date is Wednesday, February 18th.

Gladstone Capital has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Gladstone Capital has a dividend payout ratio of 89.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Gladstone Capital to earn $2.03 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 88.7%.

Gladstone Capital Stock Up 1.3%

Shares of NASDAQ:GLAD traded up $0.26 during trading on Wednesday, hitting $20.98. The stock had a trading volume of 22,953 shares, compared to its average volume of 149,542. Gladstone Capital has a 12 month low of $18.76 and a 12 month high of $30.43. The company has a market capitalization of $474.00 million, a PE ratio of 8.20 and a beta of 0.93. The firm’s fifty day moving average is $20.51 and its 200 day moving average is $23.15.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Monday, November 17th. The investment management company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Gladstone Capital had a return on equity of 9.48% and a net margin of 64.36%.The business had revenue of $23.94 million for the quarter, compared to the consensus estimate of $22.72 million. Equities research analysts expect that Gladstone Capital will post 2.03 EPS for the current fiscal year.

About Gladstone Capital

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.