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

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, May 27th. Investors of record on Friday, August 14th will be given a dividend of 0.1934 per share by the asset manager on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Friday, August 14th.

Capital Southwest has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 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. Analysts expect Capital Southwest to earn $2.15 per share next year, which means the company may not be able to cover its $2.32 annual dividend with an expected future payout ratio of 107.9%.

Capital Southwest Stock Up 0.6%

CSWC stock opened at $23.27 on Thursday. Capital Southwest has a 52 week low of $19.37 and a 52 week high of $24.43. The firm has a 50 day moving average of $23.04 and a 200 day moving average of $22.53. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.45 billion, a PE ratio of 12.25 and a beta of 0.71.

Institutional Trading of Capital Southwest

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. lifted its stake in Capital Southwest by 4.3% during the 1st quarter. Sunbelt Securities Inc. now owns 37,030 shares of the asset manager’s stock valued at $819,000 after acquiring an additional 1,530 shares during the period. Empowered Funds LLC acquired a new stake in Capital Southwest during the 1st quarter valued at approximately $13,694,000. Empirical Finance LLC acquired a new stake in Capital Southwest during the 1st quarter valued at approximately $13,689,000. Militia Capital Management LLC acquired a new stake in Capital Southwest during the 1st quarter valued at approximately $774,000. Finally, PNC Financial Services Group Inc. lifted its stake in Capital Southwest by 197.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,654 shares of the asset manager’s stock valued at $103,000 after acquiring an additional 3,088 shares during the period. 23.42% of the stock is currently owned by institutional investors and hedge funds.

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.