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

Gladstone Capital Corporation (NASDAQ:GLADGet Free Report) declared a monthly dividend on Tuesday, July 14th. Shareholders of record on Tuesday, August 18th will be paid a dividend of 0.15 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, August 18th.

Gladstone Capital has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 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 tumble. Equities 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 $19.80 on Wednesday. The company’s 50 day simple moving average is $19.27 and its 200-day simple moving average is $19.13. Gladstone Capital has a 12 month low of $16.54 and a 12 month high of $29.50. The firm has a market capitalization of $447.28 million, a PE ratio of 10.82 and a beta of 0.92.

Gladstone Capital (NASDAQ:GLADGet Free Report) last announced its earnings results on Wednesday, May 6th. The investment management company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Gladstone Capital had a return on equity of 9.79% and a net margin of 45.15%.The firm had revenue of $25.99 million for the quarter, compared to analysts’ expectations of $25.19 million. As a group, sell-side analysts anticipate that Gladstone Capital will post 2.01 earnings per share for the current year.

Analysts Set New Price Targets

GLAD has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.67.

View Our Latest Stock Report on Gladstone Capital

Gladstone Capital Company Profile

(Get Free Report)

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.

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Dividend History for Gladstone Capital (NASDAQ:GLAD)

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