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

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Thursday, August 27th. Shareholders of record on Friday, November 13th will be paid a dividend of 0.1934 per share by the asset manager on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, November 13th.

Capital Southwest has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Capital Southwest has a dividend 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 decline. Equities 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 Price Performance

Shares of NASDAQ:CSWC opened at $25.40 on Friday. The firm has a market capitalization of $1.62 billion, a PE ratio of 14.03 and a beta of 0.69. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62. Capital Southwest has a 1-year low of $19.37 and a 1-year high of $25.48. The business’s 50 day moving average is $24.11 and its 200-day moving average is $23.35.

Capital Southwest (NASDAQ:CSWC) last issued its 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. The business had revenue of $61.05 million during the quarter, compared to analyst estimates of $61.22 million. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%.During the same period in the prior year, the company posted $0.61 earnings per share. Sell-side 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.