Gladstone Capital Corporation (NASDAQ:GLAD) Stock to Pay Monthly Dividend of $0.15

Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.15 per share by the investment management company on Monday, November 30th. This represents a $1.80 annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Thursday, November 19th.

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. 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 Stock Down 0.3%

GLAD stock opened at $19.01 on Wednesday. Gladstone Capital has a twelve month low of $16.54 and a twelve month high of $21.73. The stock has a market capitalization of $429.44 million, a price-to-earnings ratio of 9.23 and a beta of 0.94. The firm’s fifty day simple moving average is $19.51 and its two-hundred day simple moving average is $19.16.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%. The firm had revenue of $24.50 million for the quarter, compared to the consensus estimate of $24.90 million. As a group, equities research analysts expect that Gladstone Capital will post 1.99 EPS for the current 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.