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

Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Tuesday, April 14th. Stockholders of record on Wednesday, May 20th will be given a dividend of 0.15 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Wednesday, May 20th.

Gladstone Capital has raised its dividend payment 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 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. Equities 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 Performance

Shares of NASDAQ:GLAD opened at $18.56 on Wednesday. The company has a market cap of $419.27 million, a P/E ratio of 11.67 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.05 and a current ratio of 0.05. Gladstone Capital has a one year low of $16.54 and a one year high of $29.50. The business’s 50-day simple moving average is $18.16 and its 200 day simple moving average is $19.62.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Wednesday, February 4th. The investment management company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $24.51 million for the quarter, compared to the consensus estimate of $24.70 million. Gladstone Capital had a return on equity of 9.56% and a net margin of 39.42%. On average, sell-side analysts forecast that Gladstone Capital will post 2.03 earnings per share 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.