Gladstone Capital Corporation (NASDAQ:GLAD) to Issue $0.15 Monthly Dividend

Gladstone Capital Corporation (NASDAQ:GLADGet Free Report) declared a monthly dividend on Tuesday, April 14th. Shareholders of record on Friday, April 24th will be paid a dividend of 0.15 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Friday, April 24th.

Gladstone Capital has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 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 decline. 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 Trading Up 2.8%

Shares of Gladstone Capital stock opened at $18.56 on Wednesday. Gladstone Capital has a 12-month low of $16.54 and a 12-month high of $29.50. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.45. The stock has a market cap of $419.27 million, a PE ratio of 11.67 and a beta of 0.95. The company has a 50-day moving average of $18.16 and a two-hundred day moving average of $19.62.

Gladstone Capital (NASDAQ:GLADGet Free Report) last issued its earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. The company had revenue of $24.51 million during the quarter, compared to analysts’ expectations of $24.70 million. On average, research analysts anticipate that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Key Headlines Impacting Gladstone Capital

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Gladstone Capital Company Profile

(Get Free Report)

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.

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Dividend History for Gladstone Capital (NASDAQ:GLAD)

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