Capital Southwest Co. (NASDAQ:CSWC) Declares Quarterly Dividend of $0.58

Capital Southwest Co. (NASDAQ:CSWC) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.58 per share by the asset manager on Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date of this dividend is Friday, March 14th.

Capital Southwest has decreased its dividend by an average of 3.5% annually over the last three years. Capital Southwest has a payout ratio of 95.9% 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 $2.43 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 95.5%.

Capital Southwest Price Performance

Shares of NASDAQ CSWC traded down $0.24 during midday trading on Wednesday, reaching $22.53. 62,811 shares of the company were exchanged, compared to its average volume of 435,187. The stock’s 50-day moving average price is $22.23 and its 200-day moving average price is $23.81. Capital Southwest has a one year low of $20.68 and a one year high of $27.23. The stock has a market cap of $1.07 billion, a P/E ratio of 13.73 and a beta of 1.24. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35.

Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Capital Southwest had a net margin of 37.77% and a return on equity of 15.54%. On average, sell-side analysts anticipate that Capital Southwest will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley increased their target price on shares of Capital Southwest from $24.00 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday, October 30th.

Capital Southwest Company Profile

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments.