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

Gladstone Capital Co. (NASDAQ:GLAD) declared a dividend on Monday, April 21st, investing.com reports. Stockholders of record on Tuesday, April 22nd will be paid a dividend of 0.165 per share by the investment management company on Wednesday, April 30th. This represents a dividend yield of 8.27%. The ex-dividend date of this dividend is Monday, April 21st.

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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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

NASDAQ:GLAD opened at $24.49 on Wednesday. The stock has a 50-day simple moving average of $26.77 and a two-hundred day simple moving average of $27.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. Gladstone Capital has a 52-week low of $20.85 and a 52-week high of $30.43. The firm has a market capitalization of $546.86 million, a PE ratio of 5.99 and a beta of 1.05.

Gladstone Capital (NASDAQ:GLAD) last released its 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 return on equity of 10.00% and a net margin of 106.59%. Analysts forecast that Gladstone Capital will post 2.03 EPS for the current year.

Gladstone Capital Company Profile

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.