Gladstone Capital Co. to Issue Monthly Dividend of $0.17 (NASDAQ:GLAD)

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Monday, October 14th, Wall Street Journal reports. Shareholders of record on Friday, December 20th will be given a dividend of 0.165 per share by the investment management company on Tuesday, December 31st. This represents a $1.98 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date is Friday, December 20th.

Gladstone Capital has raised its dividend payment by an average of 6.5% annually over the last three years. Gladstone Capital has a payout ratio of 95.2% indicating that 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 $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 Price Performance

Shares of NASDAQ:GLAD remained flat at $24.47 during trading on Monday. 86,916 shares of the stock were exchanged, compared to its average volume of 128,536. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $532.32 million, a PE ratio of 8.87 and a beta of 1.26. The firm’s fifty day moving average is $23.15 and its two-hundred day moving average is $22.65. Gladstone Capital has a twelve month low of $18.56 and a twelve month high of $24.73.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $25.69 million for the quarter, compared to analyst estimates of $24.69 million. Gladstone Capital had a net margin of 78.40% and a return on equity of 10.87%. As a group, equities analysts forecast that Gladstone Capital will post 2.14 EPS for the current year.

About Gladstone Capital

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.