Capital Southwest Corporation (CSWC) To Go Ex-Dividend on August 14th

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, May 27th. Shareholders of record on Friday, August 14th will be given a dividend of 0.1934 per share by the asset manager on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Friday, August 14th.

Capital Southwest has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. Capital Southwest has a payout ratio of 99.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Capital Southwest to earn $2.15 per share next year, which means the company may not be able to cover its $2.32 annual dividend with an expected future payout ratio of 107.9%.

Capital Southwest Stock Performance

CSWC stock opened at $23.32 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $23.06 and its two-hundred day simple moving average is $22.54. Capital Southwest has a twelve month low of $19.37 and a twelve month high of $24.43. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 12.27 and a beta of 0.71.

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.