Capital Southwest Corporation (NASDAQ:CSWC) Declares Monthly Dividend of $0.19

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Wednesday, November 19th. Stockholders of record on Friday, February 13th will be given a dividend of 0.1934 per share by the asset manager on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Friday, February 13th.

Capital Southwest has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. Capital Southwest has a payout ratio of 99.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Capital Southwest to earn $2.44 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 95.1%.

Capital Southwest Trading Up 1.1%

CSWC traded up $0.22 on Thursday, reaching $20.72. 69,478 shares of the company’s stock were exchanged, compared to its average volume of 581,467. Capital Southwest has a twelve month low of $17.46 and a twelve month high of $23.86. The company’s 50 day moving average is $21.18 and its 200-day moving average is $21.71. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 12.56 and a beta of 0.94.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, November 3rd. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.The business had revenue of $56.95 million for the quarter, compared to analysts’ expectations of $55.37 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Equities analysts predict that Capital Southwest will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. B. Riley upped their price target on Capital Southwest from $23.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Noble Financial raised shares of Capital Southwest to a “buy” rating in a research report on Wednesday, November 5th. UBS Group lowered their price target on shares of Capital Southwest from $23.00 to $21.50 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Loop Capital reiterated a “buy” rating and issued a $23.00 price objective on shares of Capital Southwest in a report on Wednesday, November 5th. Finally, Zacks Research downgraded Capital Southwest from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Capital Southwest currently has an average rating of “Moderate Buy” and an average price target of $23.64.

Capital Southwest Company Profile

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments.