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

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Thursday, August 27th. Investors of record on Tuesday, December 15th will be given a dividend of 0.1934 per share by the asset manager on Thursday, December 31st. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, December 15th.

Capital Southwest has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Capital Southwest has a dividend 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 fall. Research analysts expect Capital Southwest to earn $2.37 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 97.9%.

Capital Southwest Stock Up 0.6%

Shares of NASDAQ:CSWC opened at $25.40 on Friday. The firm has a market cap of $1.62 billion, a P/E ratio of 14.03 and a beta of 0.69. Capital Southwest has a 12-month low of $19.37 and a 12-month high of $25.48. The business has a fifty day simple moving average of $24.11 and a 200 day simple moving average of $23.35. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%.The firm had revenue of $61.05 million for the quarter, compared to analyst estimates of $61.22 million. During the same quarter in the previous year, the company posted $0.61 EPS. Analysts predict that Capital Southwest will post 2.27 earnings per share for the current year.

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.