Gladstone Capital Corporation (GLAD) to Issue Monthly Dividend of $0.15 on February 27th

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, January 13th. Investors of record on Wednesday, February 18th will be given a dividend of 0.15 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Wednesday, February 18th.

Gladstone Capital has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Gladstone Capital has a dividend payout ratio of 89.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Gladstone Capital to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 88.7%.

Gladstone Capital Price Performance

GLAD opened at $18.54 on Monday. The stock has a market cap of $418.82 million, a price-to-earnings ratio of 11.66 and a beta of 0.94. The stock has a fifty day moving average price of $20.51 and a 200 day moving average price of $21.85. Gladstone Capital has a 1 year low of $18.48 and a 1 year high of $29.54. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.45.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $24.51 million for the quarter, compared to analyst estimates of $24.70 million. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. Analysts forecast that Gladstone Capital will post 2.03 EPS for the current fiscal year.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.