Gladstone Capital Co. (GLAD) To Go Ex-Dividend on October 22nd

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Tuesday, October 8th, Wall Street Journal reports. Investors of record on Tuesday, October 22nd will be paid a dividend of 0.165 per share by the investment management company on Thursday, October 31st. This represents a $1.98 annualized dividend and a dividend yield of 7.84%. The ex-dividend date of this dividend is Tuesday, October 22nd.

Gladstone Capital has increased its dividend payment by an average of 6.5% annually over the last three years. Gladstone Capital has a dividend payout ratio of 95.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Capital to earn $2.08 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 95.2%.

Gladstone Capital Stock Performance

GLAD stock traded up $0.36 during midday trading on Monday, reaching $25.27. The stock had a trading volume of 273,965 shares, compared to its average volume of 128,749. The firm has a fifty day simple moving average of $23.38 and a two-hundred day simple moving average of $22.79. Gladstone Capital has a 52-week low of $18.56 and a 52-week high of $25.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a market cap of $549.72 million, a PE ratio of 9.12 and a beta of 1.26.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Wednesday, August 7th. The investment management company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. The firm had revenue of $25.69 million during the quarter, compared to the consensus estimate of $24.69 million. As a group, equities research analysts anticipate that Gladstone Capital will post 2.14 EPS for the current year.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.