Capital Southwest Corporation (NASDAQ:CSWC) to Issue Monthly Dividend of $0.19

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, November 19th. Stockholders of record on Friday, March 13th will be given a dividend of 0.1934 per share by the asset manager on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, March 13th.

Capital Southwest has decreased its dividend 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 Trading Up 1.0%

CSWC stock traded up $0.22 during midday trading on Thursday, reaching $20.72. The stock had a trading volume of 109,469 shares, compared to its average volume of 581,687. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.53. Capital Southwest has a twelve month low of $17.46 and a twelve month high of $23.86. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 12.55 and a beta of 0.94. The business has a fifty day simple moving average of $21.18 and a two-hundred day simple moving average of $21.71.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, November 3rd. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $56.95 million for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.66 earnings per share. As a group, research analysts expect that Capital Southwest will post 2.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Cozad Asset Management Inc. increased its holdings in Capital Southwest by 1.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 49,676 shares of the asset manager’s stock worth $1,086,000 after acquiring an additional 515 shares during the period. Confluence Investment Management LLC boosted its position in Capital Southwest by 0.6% during the 2nd quarter. Confluence Investment Management LLC now owns 102,107 shares of the asset manager’s stock valued at $2,250,000 after buying an additional 585 shares during the period. CWM LLC lifted its stake in Capital Southwest by 26.6% in the second quarter. CWM LLC now owns 2,930 shares of the asset manager’s stock worth $65,000 after acquiring an additional 615 shares during the period. Union Bancaire Privee UBP SA raised its holdings in Capital Southwest by 5.1% in the second quarter. Union Bancaire Privee UBP SA now owns 14,349 shares of the asset manager’s stock worth $316,000 after purchasing an additional 694 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its stake in shares of Capital Southwest by 3.2% in the third quarter. Apollon Wealth Management LLC now owns 24,551 shares of the asset manager’s stock worth $537,000 after acquiring an additional 754 shares during the last quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

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.