Capital Southwest Corporation (NASDAQ:CSWC) to Issue Monthly Dividend of $0.19

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Wednesday, May 27th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.1934 per share by the asset manager on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

Capital Southwest has raised 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 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 tumble. Research analysts expect Capital Southwest to earn $2.15 per share next year, which means the company may not be able to cover its $2.32 annual dividend with an expected future payout ratio of 107.9%.

Capital Southwest Trading Up 0.6%

CSWC stock opened at $23.27 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56. Capital Southwest has a twelve month low of $19.37 and a twelve month high of $24.43. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.25 and a beta of 0.71. The firm’s fifty day simple moving average is $23.04 and its two-hundred day simple moving average is $22.53.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CSWC shares. Weiss Ratings raised Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, January 28th. B. Riley Financial upped their target price on Capital Southwest from $24.00 to $24.50 and gave the company a “buy” rating in a research note on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Capital Southwest has an average rating of “Moderate Buy” and an average target price of $23.50.

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.