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

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Wednesday, January 15th, 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 payment by an average of 8.3% annually 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 decline. 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 GLAD opened at $26.93 on Monday. Gladstone Capital has a fifty-two week low of $19.20 and a fifty-two week high of $30.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. The company’s fifty day moving average is $28.75 and its 200 day moving average is $26.55. The stock has a market capitalization of $601.35 million, a PE ratio of 6.58 and a beta of 1.25.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results 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 return on equity of 10.00% and a net margin of 106.59%. Sell-side analysts expect that Gladstone Capital will post 2.03 earnings per share for the current fiscal year.

About Gladstone Capital

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.