Gladstone Capital Corporation (GLAD) to Issue Monthly Dividend of $0.15 on March 31st

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, January 13th. Shareholders of record on Monday, March 23rd will be paid a dividend of 0.15 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Monday, March 23rd.

Gladstone Capital has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Gladstone Capital has a dividend 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 tumble. Research analysts expect Gladstone Capital to earn $2.03 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 88.7%.

Gladstone Capital Stock Performance

NASDAQ GLAD opened at $17.57 on Friday. The company’s fifty day moving average is $19.21 and its two-hundred day moving average is $20.41. Gladstone Capital has a 52-week low of $17.50 and a 52-week high of $29.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $396.91 million, a price-to-earnings ratio of 11.05 and a beta of 0.95.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. The business had revenue of $24.51 million during the quarter, compared to analyst estimates of $24.70 million. Equities research analysts forecast that Gladstone Capital will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GLAD shares. Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday, December 29th. Jefferies Financial Group set a $21.00 price objective on Gladstone Capital and gave the stock a “hold” rating in a report on Friday, February 6th. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Zacks Research upgraded Gladstone Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.67.

Gladstone Capital Company Profile

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.