Gladstone Capital Corporation (NASDAQ:GLAD) Shares Will Pay Monthly Dividend of $0.15

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, October 13th. Shareholders of record on Monday, December 21st will be given a dividend of $0.15 per share by the investment management company on Thursday, December 31st. This represents a $1.80 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Monday, December 21st.

Gladstone Capital has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive 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 Stock Performance

NASDAQ GLAD opened at $19.01 on Wednesday. The stock has a market cap of $429.44 million, a P/E ratio of 9.23 and a beta of 0.94. Gladstone Capital has a fifty-two week low of $16.54 and a fifty-two week high of $21.73. The stock has a 50 day simple moving average of $19.51 and a two-hundred day simple moving average of $19.16.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results 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. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%. The firm had revenue of $24.50 million for the quarter, compared to analysts’ expectations of $24.90 million. Sell-side analysts predict that Gladstone Capital will post 1.99 earnings per share for the current year.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market businesses in the United States. The company seeks to support established companies across a range of industries, typically working with businesses that may require flexible capital solutions to fund growth, acquisitions, recapitalizations, refinancings, or other strategic initiatives.

Its investment portfolio primarily consists of secured debt investments, including first-lien and second-lien loans, as well as subordinated debt and equity investments.