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

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Tuesday, February 24th. Investors of record on Friday, May 15th will be given a dividend of 0.1934 per share by the asset manager on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Friday, May 15th.

Capital Southwest has decreased its dividend by an average of 0.0%per year 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Stock Down 1.1%

CSWC stock traded down $0.26 on Thursday, reaching $22.71. 193,671 shares of the company traded hands, compared to its average volume of 634,437. The firm has a fifty day simple moving average of $22.78 and a 200-day simple moving average of $22.06. The company has a market cap of $1.37 billion, a P/E ratio of 12.55 and a beta of 0.76. Capital Southwest has a one year low of $17.46 and a one year high of $23.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.15 and a quick ratio of 0.15.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, February 2nd. The asset manager reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. Capital Southwest had a return on equity of 13.76% and a net margin of 45.46%.The business had revenue of $61.45 million for the quarter, compared to the consensus estimate of $57.37 million. During the same period in the previous year, the company posted $0.63 earnings per share. Research analysts anticipate that Capital Southwest will post 2.54 earnings per share for the current year.

About Capital Southwest

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.