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

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Tuesday, February 24th. Shareholders of record on Friday, May 15th will be given a dividend of 0.1934 per share by the asset manager on Friday, May 29th. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Friday, May 15th.

Capital Southwest has decreased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive 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 decline. Equities 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 Trading Down 1.1%

Shares of NASDAQ:CSWC traded down $0.26 on Thursday, reaching $22.71. 193,671 shares of the company traded hands, compared to its average volume of 634,437. The stock has a market capitalization of $1.37 billion, a P/E ratio of 12.55 and a beta of 0.76. The business’s 50-day simple moving average is $22.78 and its 200 day simple moving average is $22.06. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.51. Capital Southwest has a 52 week low of $17.46 and a 52 week high of $23.84.

Capital Southwest (NASDAQ:CSWC) last released its earnings results on Monday, February 2nd. The asset manager reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. Capital Southwest had a return on equity of 13.76% and a net margin of 45.46%.The company had revenue of $61.45 million during the quarter, compared to analyst estimates of $57.37 million. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, equities analysts anticipate that Capital Southwest will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings raised Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Capital Southwest from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Loop Capital reissued a “buy” rating and issued a $23.00 price target on shares of Capital Southwest in a report on Wednesday, November 5th. Capital One Financial set a $22.00 price objective on shares of Capital Southwest in a research report on Tuesday, November 4th. Finally, Noble Financial upgraded shares of Capital Southwest to a “buy” rating in a report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.42.

Capital Southwest Company Profile

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.