Capital Southwest Corporation (CSWC) To Go Ex-Dividend on October 15th

Capital Southwest Corporation (NASDAQ:CSWCGet Free Report) announced a monthly dividend on Thursday, August 27th. Investors of record on Thursday, October 15th will be paid a dividend of 0.1934 per share by the asset manager on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Thursday, October 15th.

Capital Southwest has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 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. 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%.

Capital Southwest Price Performance

Shares of CSWC stock opened at $25.47 on Friday. The stock’s 50-day moving average is $24.16 and its 200 day moving average is $23.37. Capital Southwest has a 1-year low of $19.37 and a 1-year high of $25.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $1.62 billion, a P/E ratio of 14.07 and a beta of 0.69.

Capital Southwest (NASDAQ:CSWCGet Free Report) last announced its earnings results on Monday, August 3rd. The asset manager reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $61.05 million during the quarter, compared to the consensus estimate of $61.22 million. Capital Southwest had a net margin of 46.68% and a return on equity of 13.88%. During the same period in the previous year, the company posted $0.61 earnings per share. Research analysts predict that Capital Southwest will post 2.27 earnings per share for the current fiscal 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.

Further Reading

Dividend History for Capital Southwest (NASDAQ:CSWC)

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