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

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, May 27th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.1934 per share by the asset manager on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Tuesday, September 15th.

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 dividend 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 fall. 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 Trading Up 0.4%

Shares of NASDAQ:CSWC opened at $24.19 on Friday. Capital Southwest has a 12 month low of $19.37 and a 12 month high of $25.75. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $24.38 and its 200 day simple moving average is $23.48. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 13.36 and a beta of 0.70.

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

About Capital Southwest

Capital Southwest Corporation (NASDAQ: CSWC) is a business development company that provides financing to middle-market and lower-middle-market businesses in the United States. The company invests primarily in privately held companies and seeks to support their growth, acquisitions, recapitalizations and other strategic initiatives.

Capital Southwest’s investment activities generally include first-lien and second-lien loans, unitranche financing, subordinated debt and, in some cases, equity investments.