Gladstone Capital Corporation (NASDAQ:GLAD) Shareholders Set to Receive $0.15 Monthly Dividend

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, October 13th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.15 per share by the investment management company on Monday, November 30th. This represents a $1.80 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date is Thursday, November 19th.

Gladstone Capital has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 4 years. Gladstone Capital has a payout ratio of 89.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Gladstone Capital to earn $1.98 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 90.9%.

Gladstone Capital Price Performance

NASDAQ GLAD opened at $19.01 on Wednesday. Gladstone Capital has a 1 year low of $16.54 and a 1 year high of $21.73. The stock has a market capitalization of $429.44 million, a PE ratio of 9.23 and a beta of 0.94. The business’s 50-day moving average is $19.51 and its 200 day moving average is $19.16.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%. The company had revenue of $24.50 million during the quarter, compared to analyst estimates of $24.90 million. As a group, equities research analysts anticipate that Gladstone Capital will post 1.99 earnings per share for the current year.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market businesses in the United States. The company seeks to support established companies across a range of industries, typically working with businesses that may require flexible capital solutions to fund growth, acquisitions, recapitalizations, refinancings, or other strategic initiatives.

Its investment portfolio primarily consists of secured debt investments, including first-lien and second-lien loans, as well as subordinated debt and equity investments.