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

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, May 27th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.1934 per share by the asset manager on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Friday, August 14th.

Capital Southwest has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Capital Southwest has a 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 decline. Research 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 Price Performance

Shares of NASDAQ CSWC opened at $23.27 on Thursday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.56. Capital Southwest has a twelve month low of $19.37 and a twelve month high of $24.43. The stock has a 50 day moving average of $23.04 and a two-hundred day moving average of $22.53. The stock has a market cap of $1.45 billion, a P/E ratio of 12.25 and a beta of 0.71.

Institutional Investors Weigh In On Capital Southwest

Several large investors have recently modified their holdings of CSWC. Empowered Funds LLC purchased a new stake in shares of Capital Southwest during the first quarter worth approximately $13,694,000. Empirical Finance LLC purchased a new stake in shares of Capital Southwest during the first quarter worth approximately $13,689,000. Goldman Sachs Group Inc. raised its stake in shares of Capital Southwest by 246.5% during the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock worth $5,751,000 after purchasing an additional 183,313 shares during the last quarter. HRT Financial LP grew its holdings in Capital Southwest by 176.0% during the second quarter. HRT Financial LP now owns 242,080 shares of the asset manager’s stock worth $5,335,000 after acquiring an additional 154,384 shares during the period. Finally, Muzinich & Co. Inc. grew its holdings in Capital Southwest by 55.6% during the fourth quarter. Muzinich & Co. Inc. now owns 425,322 shares of the asset manager’s stock worth $9,421,000 after acquiring an additional 152,057 shares during the period. Hedge funds and other institutional investors own 23.42% of the company’s stock.

About Capital Southwest

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.