Capital Southwest Corporation (NASDAQ:CSWC) Declares $0.19 Monthly Dividend

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, May 27th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.1934 per share by the asset manager on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Wednesday, July 15th.

Capital Southwest has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. Capital Southwest has a dividend payout ratio of 99.1% meaning 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 $2.15 per share next year, which means the company may not be able to cover its $2.32 annual dividend with an expected future payout ratio of 107.9%.

Capital Southwest Trading Up 0.6%

Shares of CSWC stock opened at $23.27 on Thursday. Capital Southwest has a 12-month low of $19.37 and a 12-month high of $24.43. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average price is $23.04 and its 200-day moving average price is $22.53. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.25 and a beta of 0.71.

Wall Street Analysts Forecast Growth

CSWC has been the topic of several research reports. Weiss Ratings upgraded shares of Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 28th. B. Riley Financial boosted their price target on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a research report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Capital Southwest Company Profile

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.