Capital Southwest Corporation (NASDAQ:CSWC) Plans $0.19 Monthly Dividend

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Wednesday, November 19th. Shareholders of record on Friday, March 13th will be given a dividend of 0.1934 per share by the asset manager on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Friday, March 13th.

Capital Southwest has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. Capital Southwest has a dividend payout ratio of 99.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Capital Southwest to earn $2.44 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 95.1%.

Capital Southwest Price Performance

Shares of NASDAQ:CSWC traded up $0.22 during midday trading on Thursday, reaching $20.72. The company’s stock had a trading volume of 69,478 shares, compared to its average volume of 581,467. The business’s fifty day simple moving average is $21.18 and its 200-day simple moving average is $21.71. The company has a market capitalization of $1.19 billion, a P/E ratio of 12.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.19 and a quick ratio of 0.19. Capital Southwest has a fifty-two week low of $17.46 and a fifty-two week high of $23.86.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, November 3rd. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. The company had revenue of $56.95 million during the quarter, compared to analyst estimates of $55.37 million. During the same quarter in the previous year, the business posted $0.66 EPS. As a group, equities research analysts expect that Capital Southwest will post 2.54 EPS for the current fiscal year.

Institutional Trading of Capital Southwest

Several hedge funds and other institutional investors have recently modified their holdings of CSWC. Kingstone Capital Partners Texas LLC acquired a new stake in Capital Southwest in the 2nd quarter valued at approximately $311,170,000. Van ECK Associates Corp lifted its position in shares of Capital Southwest by 8.2% in the third quarter. Van ECK Associates Corp now owns 1,457,146 shares of the asset manager’s stock worth $31,853,000 after purchasing an additional 109,846 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Capital Southwest by 7.8% during the third quarter. Sound Income Strategies LLC now owns 756,786 shares of the asset manager’s stock worth $15,068,000 after purchasing an additional 54,585 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Capital Southwest by 2.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 686,513 shares of the asset manager’s stock valued at $15,323,000 after acquiring an additional 14,146 shares in the last quarter. Finally, Tectonic Advisors LLC increased its position in shares of Capital Southwest by 18.4% in the second quarter. Tectonic Advisors LLC now owns 521,686 shares of the asset manager’s stock valued at $11,498,000 after acquiring an additional 81,213 shares during the last quarter. Institutional investors and hedge funds own 23.42% of the company’s stock.

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.