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

Capital Southwest Co. (NASDAQ:CSWC) announced a quarterly dividend on Monday, April 28th, RTT News reports. Investors of record on Friday, June 13th will be paid a dividend of 0.58 per share by the asset manager on Monday, June 30th. This represents a $2.32 annualized dividend and a dividend yield of 11.36%.

Capital Southwest has decreased its dividend by an average of 2.0% per year over the last three years. Capital Southwest has a payout ratio of 96.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Capital Southwest to earn $2.44 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 95.1%.

Capital Southwest Price Performance

Shares of NASDAQ CSWC opened at $20.42 on Tuesday. Capital Southwest has a 1-year low of $17.46 and a 1-year high of $27.23. The firm has a market capitalization of $1.03 billion, a PE ratio of 14.48 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18. The business’s fifty day moving average price is $21.35 and its two-hundred day moving average price is $22.40.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. On average, research analysts expect that Capital Southwest will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

CSWC has been the topic of several analyst reports. UBS Group lowered their target price on Capital Southwest from $23.50 to $20.50 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. StockNews.com raised Capital Southwest from a “sell” rating to a “hold” rating in a report on Saturday, April 19th.

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.