Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Wednesday, July 11th, Wall Street Journal reports. Investors of record on Tuesday, August 21st will be paid a dividend of 0.07 per share by the investment management company on Friday, August 31st. This represents a $0.84 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date is Monday, August 20th.

Gladstone Capital has a payout ratio of 97.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Gladstone Capital to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 95.5%.

Shares of GLAD stock opened at $9.79 on Friday. Gladstone Capital has a 12-month low of $7.80 and a 12-month high of $9.92. The company has a market capitalization of $268.83 million, a P/E ratio of 11.65 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.93 and a quick ratio of 2.93.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Tuesday, July 31st. The investment management company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Gladstone Capital had a return on equity of 9.84% and a net margin of 75.38%. The business had revenue of $12.38 million during the quarter, compared to analyst estimates of $11.62 million. equities research analysts forecast that Gladstone Capital will post 0.86 EPS for the current fiscal year.

GLAD has been the subject of a number of recent analyst reports. Zacks Investment Research raised Gladstone Capital from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday, August 2nd. National Securities reissued a “neutral” rating and issued a $8.00 price objective on shares of Gladstone Capital in a report on Monday, May 7th. ValuEngine lowered Gladstone Capital from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. BidaskClub raised Gladstone Capital from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 11th. Finally, TheStreet raised Gladstone Capital from a “c+” rating to a “b-” rating in a report on Tuesday, July 10th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $9.47.

About Gladstone Capital

Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

Read More: Fundamental Analysis and Individual Investors

Dividend History for Gladstone Capital (NASDAQ:GLAD)

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