Gladstone Capital Corporation (GLAD) to Issue Monthly Dividend of $0.15 on May 29th

Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Tuesday, April 14th. Investors of record on Wednesday, May 20th will be paid a dividend of 0.15 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Wednesday, May 20th.

Gladstone Capital has raised its dividend 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 dividend 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. Research 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 Price Performance

GLAD stock opened at $19.21 on Monday. The stock has a market capitalization of $433.95 million, a PE ratio of 10.50 and a beta of 0.92. Gladstone Capital has a 52 week low of $16.54 and a 52 week high of $29.50. The firm has a 50 day moving average of $18.32 and a 200 day moving average of $19.45.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, May 6th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. The business had revenue of $25.99 million for the quarter, compared to analyst estimates of $25.19 million. On average, equities research analysts expect that Gladstone Capital will post 2.01 earnings per share for the current year.

Analyst Ratings Changes

GLAD has been the topic of several research reports. B. Riley Financial reissued a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th. Jefferies Financial Group set a $21.00 price target on shares of Gladstone Capital and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.67.

Gladstone Capital Company Profile

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.