Capital Southwest Corporation (NASDAQ:CSWC) Declares Monthly Dividend of $0.19

Capital Southwest Corporation (NASDAQ:CSWC) announced a monthly dividend on Wednesday, May 27th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.1934 per share by the asset manager on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Tuesday, September 15th.

Capital Southwest has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 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 decline. 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 Price Performance

Shares of CSWC opened at $23.27 on Thursday. Capital Southwest has a 1-year low of $19.37 and a 1-year high of $24.43. The stock has a market cap of $1.45 billion, a PE ratio of 12.25 and a beta of 0.71. The firm has a 50-day simple moving average of $23.04 and a two-hundred day simple moving average of $22.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.11 and a quick ratio of 0.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSWC. Empowered Funds LLC acquired a new position in shares of Capital Southwest in the first quarter valued at approximately $13,694,000. Empirical Finance LLC acquired a new position in shares of Capital Southwest in the first quarter valued at approximately $13,689,000. Goldman Sachs Group Inc. grew its holdings in shares of Capital Southwest by 246.5% in the first quarter. Goldman Sachs Group Inc. now owns 257,672 shares of the asset manager’s stock valued at $5,751,000 after purchasing an additional 183,313 shares in the last quarter. HRT Financial LP grew its holdings in shares of Capital Southwest by 176.0% in the second quarter. HRT Financial LP now owns 242,080 shares of the asset manager’s stock valued at $5,335,000 after purchasing an additional 154,384 shares in the last quarter. Finally, Muzinich & Co. Inc. grew its holdings in shares of Capital Southwest by 55.6% in the fourth quarter. Muzinich & Co. Inc. now owns 425,322 shares of the asset manager’s stock valued at $9,421,000 after purchasing an additional 152,057 shares in the last quarter. Institutional investors and hedge funds own 23.42% of the company’s stock.

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.