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

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Wednesday, May 27th. Investors of record on Tuesday, September 15th will be given a dividend of 0.1934 per share by the asset manager on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

Capital Southwest has increased 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 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 Stock Performance

NASDAQ CSWC opened at $23.27 on Thursday. The business’s 50-day moving average price is $23.04 and its 200 day moving average price is $22.53. Capital Southwest has a twelve month low of $19.37 and a twelve month high of $24.43. The company has a market capitalization of $1.45 billion, a PE ratio of 12.25 and a beta of 0.71. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.56.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 28th. B. Riley Financial increased their target price on Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Capital Southwest presently has a consensus rating of “Moderate Buy” and a consensus price target 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.