Gladstone Capital Corporation (NASDAQ:GLAD) Announces $0.15 Monthly Dividend

Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Tuesday, January 13th. Investors of record on Wednesday, February 18th will be given a dividend of 0.15 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Wednesday, February 18th.

Gladstone Capital has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Gladstone Capital has a 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 $2.03 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 88.7%.

Gladstone Capital Price Performance

Shares of NASDAQ:GLAD opened at $20.72 on Wednesday. Gladstone Capital has a fifty-two week low of $18.76 and a fifty-two week high of $30.43. The company has a market capitalization of $468.13 million, a price-to-earnings ratio of 8.09 and a beta of 0.93. The firm’s 50 day simple moving average is $20.51 and its 200 day simple moving average is $23.15.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Monday, November 17th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Gladstone Capital had a return on equity of 9.48% and a net margin of 64.36%.The business had revenue of $23.94 million during the quarter, compared to the consensus estimate of $22.72 million. Equities research analysts expect that Gladstone Capital will post 2.03 earnings per share for the current year.

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.