Capital Southwest Corporation (CSWC) To Go Ex-Dividend on June 15th

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Tuesday, February 24th. Shareholders of record on Monday, June 15th will be given a dividend of 0.1934 per share by the asset manager on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Monday, June 15th.

Capital Southwest has decreased its dividend by an average of 0.0%annually 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 decline. Research analysts expect Capital Southwest to earn $2.44 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 95.1%.

Capital Southwest Trading Down 2.5%

NASDAQ CSWC traded down $0.58 during trading hours on Thursday, reaching $22.39. The company’s stock had a trading volume of 311,766 shares, compared to its average volume of 637,173. The firm has a fifty day simple moving average of $22.78 and a 200-day simple moving average of $22.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.15 and a quick ratio of 0.15. Capital Southwest has a 52 week low of $17.46 and a 52 week high of $23.84. The stock has a market cap of $1.35 billion, a P/E ratio of 12.39 and a beta of 0.76.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, February 2nd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. Capital Southwest had a net margin of 45.46% and a return on equity of 13.76%. The firm had revenue of $61.45 million during the quarter, compared to analysts’ expectations of $57.37 million. During the same period in the prior year, the company posted $0.63 EPS. Equities analysts forecast that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

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.