Capital Southwest Co. (CSWC) to Issue Quarterly Dividend of $0.63 on December 31st

Capital Southwest Co. (NASDAQ:CSWC) declared a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.63 per share by the asset manager on Tuesday, December 31st. This represents a $2.52 dividend on an annualized basis and a yield of 11.04%. The ex-dividend date is Friday, December 13th.

Capital Southwest has raised its dividend payment by an average of 8.1% annually over the last three years. Capital Southwest has a dividend payout ratio of 93.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Capital Southwest to earn $2.44 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 95.1%.

Capital Southwest Stock Up 0.4 %

Shares of NASDAQ CSWC opened at $22.82 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $24.06 and a 200-day moving average of $24.96. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.91 and a beta of 1.23. Capital Southwest has a 12 month low of $22.01 and a 12 month high of $27.23.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $48.71 million for the quarter, compared to analysts’ expectations of $49.79 million. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. During the same quarter last year, the company posted $0.69 EPS. Sell-side analysts expect that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their target price on Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

About Capital Southwest

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments.