Capital Southwest Co. (NASDAQ:CSWC) Announces Quarterly Dividend of $0.58

Capital Southwest Co. (NASDAQ:CSWC) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.58 per share by the asset manager on Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 10.30%. The ex-dividend date of this dividend is Friday, March 14th.

Capital Southwest has decreased its dividend payment by an average of 3.5% annually over the last three years. Capital Southwest has a payout ratio of 95.9% meaning 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 $2.43 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 95.5%.

Capital Southwest Trading Down 1.0 %

Capital Southwest stock traded down $0.24 during mid-day trading on Wednesday, hitting $22.53. The company’s stock had a trading volume of 62,811 shares, compared to its average volume of 435,187. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 13.73 and a beta of 1.24. The business has a 50 day moving average price of $22.23 and a 200-day moving average price of $23.81. Capital Southwest has a 12 month low of $20.68 and a 12 month high of $27.23.

Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. As a group, analysts forecast that Capital Southwest will post 2.55 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley boosted their price target on shares of Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday, October 30th.

About Capital Southwest

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.