Capital Southwest Co. (NASDAQ:CSWC) declared a quarterly dividend on Thursday, May 30th, NASDAQ reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.39 per share by the asset manager on Friday, June 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date is Thursday, June 13th. This is a boost from Capital Southwest’s previous quarterly dividend of $0.38.

Capital Southwest has raised its dividend payment by an average of 148.3% per year over the last three years and has increased its dividend every year for the last 3 years. Capital Southwest has a payout ratio of 121.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Capital Southwest to earn $1.79 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 87.2%.

Shares of CSWC stock traded up $0.02 during mid-day trading on Wednesday, reaching $21.72. The company’s stock had a trading volume of 800 shares, compared to its average volume of 75,881. Capital Southwest has a 1-year low of $17.22 and a 1-year high of $24.17. The stock has a market cap of $374.72 million, a price-to-earnings ratio of 15.31 and a beta of 0.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Monday, June 3rd. The asset manager reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. Capital Southwest had a net margin of 68.26% and a return on equity of 7.53%. The company had revenue of $14.31 million during the quarter, compared to analysts’ expectations of $14.25 million. On average, sell-side analysts predict that Capital Southwest will post 1.71 earnings per share for the current year.

CSWC has been the subject of a number of recent research reports. National Securities restated a “buy” rating and issued a $24.00 price objective on shares of Capital Southwest in a research note on Tuesday, June 4th. BidaskClub raised shares of Capital Southwest from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. JMP Securities upped their target price on shares of Capital Southwest from $22.50 to $23.00 and gave the stock a “market outperform” rating in a report on Friday, March 15th. Finally, Zacks Investment Research lowered shares of Capital Southwest from a “hold” rating to a “sell” rating in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Capital Southwest presently has a consensus rating of “Hold” and a consensus price target of $23.50.

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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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.

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Dividend History for Capital Southwest (NASDAQ:CSWC)

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