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

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, October 13th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.15 per share by the investment management company on Friday, October 30th. This represents a $1.80 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Friday, October 23rd.

Gladstone Capital has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Gladstone Capital has a 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 tumble. 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 Stock Down 0.1%

GLAD opened at $18.46 on Wednesday. The stock has a market capitalization of $417.01 million, a price-to-earnings ratio of 8.96 and a beta of 0.94. Gladstone Capital has a twelve month low of $16.54 and a twelve month high of $21.73. The company has a 50-day simple moving average of $19.45 and a 200 day simple moving average of $19.22.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results 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. The firm had revenue of $24.50 million for the quarter, compared to analysts’ expectations of $24.90 million. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%. Sell-side analysts anticipate that Gladstone Capital will post 1.99 EPS for the current fiscal 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.