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

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be given a dividend of 0.15 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Friday, July 24th.

Gladstone Capital has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 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. 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 Up 0.7%

Shares of Gladstone Capital stock opened at $19.93 on Thursday. The company’s fifty day simple moving average is $19.28 and its two-hundred day simple moving average is $19.13. The company has a market cap of $450.22 million, a P/E ratio of 10.89 and a beta of 0.92. Gladstone Capital has a 12-month low of $16.54 and a 12-month high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Wednesday, May 6th. The investment management company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $25.99 million during the quarter, compared to analysts’ expectations of $25.19 million. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. Analysts predict that Gladstone Capital will post 2.01 EPS for the current fiscal year.

About Gladstone Capital

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.