Capital Southwest Co. to Issue Quarterly Dividend of $0.58 (NASDAQ:CSWC)

Capital Southwest Co. (NASDAQ:CSWC) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.58 per share by the asset manager on Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 10.19%. The ex-dividend date of this dividend is Friday, March 14th.

Capital Southwest has decreased its dividend payment by an average of 3.5% per year over the last three years. Capital Southwest has a payout ratio of 95.9% 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 $2.43 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 95.5%.

Capital Southwest Stock Performance

CSWC stock opened at $22.76 on Thursday. Capital Southwest has a 1-year low of $20.68 and a 1-year high of $27.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.88 and a beta of 1.24. The business has a 50 day simple moving average of $22.21 and a two-hundred day simple moving average of $23.80.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, February 3rd. The asset manager reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. Research analysts anticipate that Capital Southwest will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

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

Capital Southwest Company Profile

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.