Capital Southwest Co. (NASDAQ:CSWC) declared a dividend on Wednesday, July 31st, NASDAQ reports. Investors of record on Monday, September 16th will be given a dividend of 0.50 per share by the asset manager on Monday, September 30th. The ex-dividend date is Friday, September 13th.

Capital Southwest has raised its dividend payment by an average of 148.3% per year over the last three years and has increased its dividend every year for the last 3 years. Capital Southwest has a payout ratio of 125.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Capital Southwest to earn $1.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 87.9%.

Shares of CSWC traded up $0.10 during trading on Wednesday, reaching $21.75. The company’s stock had a trading volume of 36,175 shares, compared to its average volume of 87,841. The company has a market cap of $384.62 million, a price-to-earnings ratio of 15.32 and a beta of 0.20. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $21.70 and a two-hundred day moving average of $21.59. Capital Southwest has a twelve month low of $17.22 and a twelve month high of $24.17.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings results on Monday, August 5th. The asset manager reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Capital Southwest had a net margin of 53.87% and a return on equity of 8.27%. The business had revenue of $15.80 million during the quarter, compared to analyst estimates of $14.90 million. As a group, equities analysts forecast that Capital Southwest will post 1.71 EPS for the current fiscal year.

In other news, Director David R. Brooks purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of $21.37 per share, with a total value of $53,425.00. Following the transaction, the director now owns 24,500 shares in the company, valued at approximately $523,565. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.80% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on CSWC shares. National Securities reissued a “buy” rating and issued a $24.00 target price on shares of Capital Southwest in a research report on Tuesday, June 4th. Zacks Investment Research cut shares of Capital Southwest from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Finally, BidaskClub downgraded Capital Southwest from a “hold” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.50.

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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.

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Dividend History for Capital Southwest (NASDAQ:CSWC)

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