Gladstone Capital Co. (NASDAQ:GLAD) to Issue $0.17 Dividend

Gladstone Capital Co. (NASDAQ:GLADGet Free Report) announced a dividend on Monday, January 20th,investing.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.165 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 6.64%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Capital has raised its dividend by an average of 8.3% per year over the last three years. Gladstone Capital has a payout ratio of 98.0% indicating that 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 $2.04 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 97.1%.

Gladstone Capital Stock Up 0.2 %

Gladstone Capital stock traded up $0.05 during mid-day trading on Monday, hitting $29.80. The company had a trading volume of 83,605 shares, compared to its average volume of 111,368. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. Gladstone Capital has a 1 year low of $19.20 and a 1 year high of $29.95. The business has a fifty day moving average of $27.63 and a 200 day moving average of $25.04. The stock has a market cap of $665.43 million, a price-to-earnings ratio of 7.84 and a beta of 1.27.

Insider Buying and Selling

In related news, President Bob Marcotte sold 15,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the completion of the sale, the president now owns 248,210 shares in the company, valued at $6,788,543.50. This represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on shares of Gladstone Capital in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price target on the stock.

Get Our Latest Stock Analysis on Gladstone Capital

About Gladstone Capital

(Get Free Report)

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.

See Also

Dividend History for Gladstone Capital (NASDAQ:GLAD)

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