Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on May 20th

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, April 14th. Stockholders of record on Wednesday, May 20th will be given a dividend of 0.15 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Wednesday, May 20th.

Gladstone Capital has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Gladstone Capital has a dividend 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 tumble. Equities 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 Price Performance

Shares of NASDAQ:GLAD opened at $19.11 on Thursday. The company has a market cap of $431.75 million, a P/E ratio of 12.02 and a beta of 0.95. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.45. Gladstone Capital has a 52 week low of $16.54 and a 52 week high of $29.50. The business has a fifty day simple moving average of $18.13 and a 200-day simple moving average of $19.62.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Gladstone Capital had a return on equity of 9.56% and a net margin of 39.42%.The firm had revenue of $24.51 million for the quarter, compared to the consensus estimate of $24.70 million. Equities research analysts forecast that Gladstone Capital will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Jefferies Financial Group set a $21.00 price objective on shares of Gladstone Capital and gave the company a “hold” rating in a research note on Friday, February 6th. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.67.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.