Capital Southwest Corporation (CSWC) to Issue Monthly Dividend of $0.19 on November 28th

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, August 27th. Stockholders of record on Friday, November 14th will be paid a dividend of 0.1934 per share by the asset manager on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Friday, November 14th.

Capital Southwest has decreased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Capital Southwest has a 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 tumble. 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 Stock Performance

Shares of CSWC opened at $20.83 on Wednesday. The company has a 50-day simple moving average of $21.45 and a two-hundred day simple moving average of $21.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market capitalization of $1.20 billion, a PE ratio of 12.62 and a beta of 0.94. Capital Southwest has a one year low of $17.46 and a one year high of $23.86.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, November 3rd. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $56.95 million for the quarter, compared to analysts’ expectations of $55.37 million. Capital Southwest had a return on equity of 14.17% and a net margin of 39.95%.During the same quarter last year, the company posted $0.66 EPS. On average, analysts anticipate that Capital Southwest will post 2.54 EPS for the current fiscal year.

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, industry consolidation, recapitalizations and growth capital investments.