Capital Southwest Corporation (CSWC) To Go Ex-Dividend on July 15th

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, May 27th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.1934 per share by the asset manager on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

Capital Southwest has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Capital Southwest has a payout ratio of 99.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research 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 Performance

Shares of CSWC stock opened at $23.32 on Friday. The stock has a fifty day moving average of $23.06 and a 200 day moving average of $22.54. 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 firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.27 and a beta of 0.71. Capital Southwest has a 52 week low of $19.37 and a 52 week high of $24.43.

Wall Street Analysts Forecast Growth

Separately, B. Riley Financial increased their price objective on Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.50.

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.