Capital Southwest Corporation (CSWC) to Distribute Monthly Dividend of $0.19 on December 31st

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Thursday, August 27th. Shareholders of record on Tuesday, December 15th will be given a dividend of 0.1934 per share by the asset manager on Thursday, December 31st. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Tuesday, December 15th.

Capital Southwest has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 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 $2.37 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 97.9%.

Capital Southwest Stock Performance

Shares of CSWC stock opened at $25.47 on Friday. The stock’s 50-day moving average is $24.16 and its two-hundred day moving average is $23.37. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 14.07 and a beta of 0.69. Capital Southwest has a 1 year low of $19.37 and a 1 year high of $25.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.17.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%.The business had revenue of $61.05 million for the quarter, compared to analysts’ expectations of $61.22 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. Analysts predict that Capital Southwest will post 2.27 earnings per share for the current 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.