Capital Southwest Co. (NASDAQ:CSWC) announced a dividend on Wednesday, July 31st, NASDAQ reports. Investors of record on Monday, September 16th will be given a dividend of 0.50 per share by the asset manager on Monday, September 30th. The ex-dividend date of this dividend is Friday, September 13th.

Capital Southwest has increased its dividend payment by an average of 148.3% per year over the last three years and has raised its dividend every year for the last 3 years. Capital Southwest has a payout ratio of 125.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Capital Southwest to earn $1.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 87.9%.

NASDAQ CSWC traded up $0.10 during trading on Wednesday, reaching $21.75. 500 shares of the company traded hands, compared to its average volume of 87,841. Capital Southwest has a 1-year low of $17.22 and a 1-year high of $24.17. The company has a market cap of $384.62 million, a price-to-earnings ratio of 15.32 and a beta of 0.20. The stock’s 50 day moving average price is $21.70 and its two-hundred day moving average price is $21.59. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.32 and a current ratio of 0.32.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, August 5th. The asset manager reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $15.80 million during the quarter, compared to analyst estimates of $14.90 million. Capital Southwest had a return on equity of 8.27% and a net margin of 53.87%. Equities research analysts expect that Capital Southwest will post 1.71 EPS for the current fiscal year.

In other Capital Southwest news, Director David R. Brooks purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of $21.37 per share, for a total transaction of $53,425.00. Following the transaction, the director now directly owns 24,500 shares in the company, valued at $523,565. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is owned by insiders.

Several research firms have recently weighed in on CSWC. National Securities reaffirmed a “buy” rating and issued a $24.00 target price on shares of Capital Southwest in a report on Tuesday, June 4th. Zacks Investment Research cut shares of Capital Southwest from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Finally, BidaskClub downgraded shares of Capital Southwest from a “hold” rating to a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $23.50.

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, 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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