Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on September 10th

Gladstone Capital Corporation (NASDAQ:GLAD) announced a special dividend on Monday, August 31st. Stockholders of record on Thursday, September 10th will be given a dividend of 0.18 per share by the investment management company on Wednesday, September 16th. The ex-dividend date is Thursday, September 10th.

Gladstone Capital has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Gladstone Capital has a dividend payout ratio of 89.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Trading Down 1.1%

Shares of Gladstone Capital stock opened at $19.93 on Wednesday. Gladstone Capital has a twelve month low of $16.54 and a twelve month high of $26.49. The firm has a market capitalization of $450.22 million, a PE ratio of 9.67 and a beta of 0.93. The firm’s 50-day moving average price is $19.49 and its 200 day moving average price is $18.90.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $24.50 million during the quarter, compared to analysts’ expectations of $24.90 million. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. On average, sell-side analysts predict that Gladstone Capital will post 1.99 EPS for the current fiscal year.

Analysts Set New Price Targets

GLAD has been the subject of several analyst reports. Weiss Ratings upgraded Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. B. Riley Financial reiterated a “buy” rating on shares of Gladstone Capital in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.67.

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.