Capital Southwest Co. (CSWC) to Issue Quarterly Dividend of $0.64 on September 30th

Capital Southwest Co. (NASDAQ:CSWC) announced a quarterly dividend on Tuesday, September 10th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.64 per share by the asset manager on Monday, September 30th. This represents a $2.56 annualized dividend and a yield of 10.22%. The ex-dividend date of this dividend is Friday, September 13th. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.57.

Capital Southwest has increased its dividend by an average of 8.1% per year over the last three years. Capital Southwest has a dividend payout ratio of 93.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Capital Southwest to earn $2.52 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 92.1%.

Capital Southwest Stock Down 0.1 %

Shares of NASDAQ:CSWC opened at $25.06 on Wednesday. The business has a 50-day moving average price of $25.38 and a 200 day moving average price of $25.31. Capital Southwest has a 12-month low of $20.72 and a 12-month high of $27.23. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 12.22 and a beta of 1.24.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, August 5th. The asset manager reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.03). The company had revenue of $51.35 million for the quarter, compared to analyst estimates of $49.31 million. Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. Sell-side analysts expect that Capital Southwest will post 2.5 EPS for the current year.

Analyst Upgrades and Downgrades

CSWC has been the topic of several recent research reports. B. Riley cut their target price on shares of Capital Southwest from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. JMP Securities cut Capital Southwest from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 15th.

About Capital Southwest

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.