Gladstone Capital Corporation (NASDAQ:GLAD) to Issue Monthly Dividend of $0.15

Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Tuesday, July 14th. Investors of record on Monday, September 21st will be given a dividend of 0.15 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Monday, September 21st.

Gladstone Capital has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Gladstone Capital has a 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 decline. Equities 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 Stock Down 0.1%

NASDAQ GLAD opened at $19.80 on Wednesday. The stock’s 50-day simple moving average is $19.27 and its two-hundred day simple moving average is $19.13. Gladstone Capital has a twelve month low of $16.54 and a twelve month high of $29.50. The company has a market capitalization of $447.28 million, a price-to-earnings ratio of 10.82 and a beta of 0.92.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Gladstone Capital had a return on equity of 9.79% and a net margin of 45.15%.The firm had revenue of $25.99 million during the quarter, compared to analysts’ expectations of $25.19 million. On average, equities analysts expect that Gladstone Capital will post 2.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GLAD. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. B. Riley Financial reiterated a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th. Finally, Weiss Ratings raised shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.67.

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.