Capital Southwest Corporation (CSWC) to Issue Monthly Dividend of $0.19 on November 30th

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Thursday, August 27th. Investors 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 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%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 tumble. 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 Stock Performance

Shares of Capital Southwest stock opened at $25.47 on Friday. The business’s 50 day moving average price is $24.16 and its 200 day moving average price is $23.37. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 14.07 and a beta of 0.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.17. Capital Southwest has a one year low of $19.37 and a one year high of $25.74.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Capital Southwest had a return on equity of 13.88% and a net margin of 46.68%.The business had revenue of $61.05 million during the quarter, compared to the consensus estimate of $61.22 million. During the same period last year, the company earned $0.61 EPS. On average, research analysts predict that Capital Southwest will post 2.27 EPS for the current year.

Analyst Ratings Changes

CSWC has been the subject of a number of analyst reports. Citigroup reissued a “market outperform” rating on shares of Capital Southwest in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Southwest in a research note on Thursday, June 18th. B. Riley Financial boosted their target price on shares of Capital Southwest from $24.50 to $25.50 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Citizens Jmp increased their price target on shares of Capital Southwest from $25.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.60.

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.