Capital Southwest Co. (NASDAQ:CSWC) to Issue Quarterly Dividend of $0.63

Capital Southwest Co. (NASDAQ:CSWC) announced a quarterly dividend on Monday, October 28th, Zacks reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.63 per share by the asset manager on Tuesday, December 31st. This represents a $2.52 annualized dividend and a dividend yield of 10.26%. The ex-dividend date is Friday, December 13th.

Capital Southwest has raised its dividend payment by an average of 8.1% per year over the last three years. Capital Southwest has a dividend payout ratio of 95.5% 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 $2.39 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 97.1%.

Capital Southwest Price Performance

Capital Southwest stock traded up $0.08 during midday trading on Wednesday, reaching $24.56. The company had a trading volume of 51,789 shares, compared to its average volume of 294,523. The company has a market capitalization of $1.13 billion, a P/E ratio of 12.02 and a beta of 1.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. Capital Southwest has a 12-month low of $21.15 and a 12-month high of $27.23. The firm’s fifty day simple moving average is $25.21 and its 200-day simple moving average is $25.54.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. The business had revenue of $48.71 million during the quarter, compared to the consensus estimate of $49.79 million. During the same quarter last year, the firm earned $0.69 EPS. As a group, equities analysts anticipate that Capital Southwest will post 2.47 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley decreased their price target on shares of Capital Southwest from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

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.