Capital Southwest Corporation (CSWC) to Distribute Monthly Dividend of $0.19 on July 31st

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, May 27th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.1934 per share by the asset manager on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Wednesday, July 15th.

Capital Southwest has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Capital Southwest has a dividend payout ratio of 99.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Capital Southwest to earn $2.15 per share next year, which means the company may not be able to cover its $2.32 annual dividend with an expected future payout ratio of 107.9%.

Capital Southwest Stock Performance

Shares of CSWC stock opened at $23.84 on Monday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 12.55 and a beta of 0.70. Capital Southwest has a twelve month low of $19.37 and a twelve month high of $24.43. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $23.44 and its 200 day simple moving average is $22.98.

Institutional Investors Weigh In On Capital Southwest

Hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Capital Southwest by 29.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 284,778 shares of the asset manager’s stock worth $6,308,000 after buying an additional 64,706 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Capital Southwest by 17.1% during the fourth quarter. Sound Income Strategies LLC now owns 885,967 shares of the asset manager’s stock worth $20,980,000 after acquiring an additional 129,181 shares in the last quarter. Muzinich & Co. Inc. grew its holdings in Capital Southwest by 55.6% in the fourth quarter. Muzinich & Co. Inc. now owns 425,322 shares of the asset manager’s stock worth $9,421,000 after purchasing an additional 152,057 shares during the period. GraniteShares Advisors LLC acquired a new stake in Capital Southwest in the fourth quarter worth $2,713,000. Finally, Legal & General Group Plc increased its stake in Capital Southwest by 17.4% in the fourth quarter. Legal & General Group Plc now owns 389,580 shares of the asset manager’s stock valued at $8,639,000 after purchasing an additional 57,679 shares in the last quarter. 23.42% of the stock is currently owned by institutional investors.

About Capital Southwest

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.