Gladstone Capital Co. (NASDAQ:GLAD) to Issue $0.17 Monthly Dividend

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Tuesday, October 8th, Wall Street Journal reports. Shareholders of record on Tuesday, October 22nd will be given a dividend of 0.165 per share by the investment management company on Thursday, October 31st. This represents a $1.98 annualized dividend and a yield of 7.84%. The ex-dividend date is Tuesday, October 22nd.

Gladstone Capital has increased its dividend by an average of 6.5% per year over the last three years. Gladstone Capital has a payout ratio of 95.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Gladstone Capital to earn $2.08 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 95.2%.

Gladstone Capital Trading Up 1.4 %

Gladstone Capital stock traded up $0.36 during mid-day trading on Monday, hitting $25.27. 273,965 shares of the stock were exchanged, compared to its average volume of 128,749. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. Gladstone Capital has a 12 month low of $18.56 and a 12 month high of $25.29. The firm’s fifty day simple moving average is $23.38 and its two-hundred day simple moving average is $22.79. The stock has a market capitalization of $549.72 million, a price-to-earnings ratio of 9.12 and a beta of 1.26.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. Gladstone Capital had a net margin of 78.40% and a return on equity of 10.87%. The firm had revenue of $25.69 million during the quarter, compared to analyst estimates of $24.69 million. Analysts forecast that Gladstone Capital will post 2.14 EPS for the current year.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.