Capital Southwest Corporation (NASDAQ:CSWC) Declares $0.19 Monthly Dividend

Capital Southwest Corporation (NASDAQ:CSWC – Get Free Report) declared a monthly dividend on Thursday, August 27th. Investors of record on Friday, November 13th will be paid a dividend of 0.1934 per share by the asset manager on Monday, November 30th. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Friday, November 13th.

Capital Southwest has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Capital Southwest has a payout ratio of 99.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Capital Southwest to earn $2.37 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 97.9%.

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Capital Southwest Stock Performance

Shares of CSWC opened at $25.40 on Friday. The stock has a market capitalization of $1.62 billion, a PE ratio of 14.03 and a beta of 0.69. The business’s fifty day moving average price is $24.11 and its 200 day moving average price is $23.35. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.17 and a quick ratio of 0.17. Capital Southwest has a 12-month low of $19.37 and a 12-month high of $25.48.

Capital Southwest (NASDAQ:CSWC – Get Free Report) last released its earnings results on Monday, August 3rd. The asset manager reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $61.05 million during the quarter, compared to analyst estimates of $61.22 million. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. During the same quarter in the previous year, the firm earned $0.61 earnings per share. Equities research analysts forecast that Capital Southwest will post 2.27 EPS for the current year.

Capital Southwest Company Profile

(Get Free Report)

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.

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