Gladstone Capital Co. (NASDAQ:GLAD) Announces Dividend of $0.17

Gladstone Capital Co. (NASDAQ:GLAD) announced a dividend on Tuesday, January 21st,investing.com reports. Shareholders of record on Monday, January 27th will be paid a dividend of 0.165 per share by the investment management company on Friday, January 31st. This represents a yield of 6.54%. The ex-dividend date is Friday, January 24th.

Gladstone Capital has increased its dividend payment by an average of 8.3% annually over the last three years. Gladstone Capital has a dividend payout ratio of 98.0% 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 Gladstone Capital to earn $2.04 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 97.1%.

Gladstone Capital Stock Up 1.5 %

Shares of NASDAQ GLAD opened at $30.26 on Wednesday. The firm has a market cap of $675.71 million, a price-to-earnings ratio of 7.96 and a beta of 1.27. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. Gladstone Capital has a 52-week low of $19.20 and a 52-week high of $30.30. The business’s 50 day moving average is $27.81 and its two-hundred day moving average is $25.13.

Analyst Upgrades and Downgrades

Separately, B. Riley initiated coverage on Gladstone Capital in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $23.00 target price on the stock.

Insider Buying and Selling

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total value of $423,925.00. Following the completion of the transaction, the president now owns 248,210 shares in the company, valued at $6,788,543.50. This represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.96% of the company’s stock.

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.