Gladstone Capital Co. (GLAD) to Issue Monthly Dividend of $0.17 on March 31st

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Thursday, January 16th, Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be given a dividend of 0.165 per share by the investment management company on Monday, March 31st. This represents a $1.98 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend is Wednesday, March 19th.

Gladstone Capital has increased its dividend by an average of 8.3% per year over the last three years. Gladstone Capital has a payout ratio of 98.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 $1.98 annual dividend with an expected future payout ratio of 97.5%.

Gladstone Capital Trading Up 1.9 %

Shares of NASDAQ:GLAD opened at $26.93 on Monday. Gladstone Capital has a 12-month low of $19.20 and a 12-month high of $30.43. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $601.35 million, a P/E ratio of 6.58 and a beta of 1.25. The firm has a fifty day moving average of $28.75 and a two-hundred day moving average of $26.55.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Gladstone Capital had a net margin of 106.59% and a return on equity of 10.00%. On average, equities analysts expect that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Gladstone Capital Company Profile

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.