Gladstone Capital Co. (NASDAQ:GLAD) Declares Monthly Dividend of $0.17

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Thursday, January 16th, Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be paid a dividend of 0.165 per share by the investment management company on Monday, March 31st. This represents a $1.98 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date is Wednesday, March 19th.

Gladstone Capital has increased its dividend payment by an average of 8.3% annually over the last three years. Gladstone Capital has a payout ratio of 98.0% 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 Gladstone Capital to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 97.5%.

Gladstone Capital Stock Performance

GLAD stock opened at $26.93 on Monday. The stock has a market capitalization of $601.35 million, a PE ratio of 6.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04. The company has a 50 day moving average price of $28.75 and a 200 day moving average price of $26.55. Gladstone Capital has a fifty-two week low of $19.20 and a fifty-two week high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a net margin of 106.59% and a return on equity of 10.00%. Analysts forecast that Gladstone Capital will post 2.03 EPS for the current year.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.