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

Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Tuesday, October 13th. Shareholders of record on Monday, December 21st will be paid a dividend of $0.15 per share by the investment management company on Thursday, December 31st. This represents a $1.80 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Monday, December 21st.

Gladstone Capital has raised its dividend payment by an average of 0.1% per year over the last three years and has raised 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 fall. 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 Trading Down 0.3%

Shares of GLAD stock 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 firm’s fifty day simple moving average is $19.51 and its 200 day simple moving average is $19.16. The firm has a market capitalization of $429.44 million, a P/E ratio of 9.23 and a beta of 0.94.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $24.50 million during the quarter, compared to analysts’ expectations of $24.90 million. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%. Equities research analysts anticipate that Gladstone Capital will post 1.99 EPS for the current fiscal year.

About Gladstone Capital

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.