Gladstone Capital Corporation (GLAD) to Issue Monthly Dividend of $0.15 on November 26th

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, October 14th. Stockholders of record on Monday, November 17th will be paid a dividend of 0.15 per share by the investment management company on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Monday, November 17th.

Gladstone Capital has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 4 years. Gladstone Capital has a payout ratio of 89.6% meaning 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 $2.03 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 88.7%.

Gladstone Capital Stock Down 0.6%

NASDAQ GLAD opened at $19.30 on Friday. The stock has a 50 day moving average price of $20.90 and a 200-day moving average price of $24.82. Gladstone Capital has a one year low of $18.85 and a one year high of $30.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $430.97 million, a P/E ratio of 5.69 and a beta of 0.98.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research cut shares of Gladstone Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. LADENBURG THALM/SH SH raised shares of Gladstone Capital to a “hold” rating in a report on Wednesday, August 6th. Weiss Ratings lowered Gladstone Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 30th. Finally, Oppenheimer upped their price objective on Gladstone Capital from $24.00 to $26.00 and gave the company a “market perform” rating in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Gladstone Capital presently has an average rating of “Reduce” and an average price target of $26.00.

About Gladstone Capital

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.