Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Tuesday, October 8th, Zacks reports. Shareholders of record on Tuesday, October 22nd will be given a dividend of 0.07 per share by the investment management company on Thursday, October 31st. This represents a $0.84 annualized dividend and a yield of 8.74%. The ex-dividend date is Monday, October 21st.

Gladstone Capital has a dividend payout ratio of 97.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Capital to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 98.8%.

NASDAQ GLAD opened at $9.61 on Thursday. The stock has a market capitalization of $280.60 million, a price-to-earnings ratio of 11.31 and a beta of 1.15. The stock’s 50 day moving average price is $9.48 and its two-hundred day moving average price is $9.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.09 and a current ratio of 0.09. Gladstone Capital has a 52 week low of $6.41 and a 52 week high of $9.83.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Monday, August 5th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $12.89 million for the quarter, compared to analysts’ expectations of $12.42 million. Gladstone Capital had a return on equity of 10.20% and a net margin of 9.41%. On average, equities research analysts forecast that Gladstone Capital will post 0.84 EPS for the current year.

GLAD has been the topic of a number of recent analyst reports. BidaskClub raised Gladstone Capital from a “buy” rating to a “strong-buy” rating in a report on Thursday. TheStreet lowered Gladstone Capital from a “b” rating to a “c” rating in a report on Friday, August 23rd. Finally, Zacks Investment Research raised Gladstone Capital from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.50.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

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Dividend History for Gladstone Capital (NASDAQ:GLAD)

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