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

Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) declared a quarterly dividend on Monday, April 28th, RTT News reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.58 per share by the asset manager on Monday, June 30th. This represents a $2.32 annualized dividend and a dividend yield of 11.49%. The ex-dividend date of this dividend is Friday, June 13th.

Capital Southwest has decreased its dividend payment by an average of 2.0% annually over the last three years. Capital Southwest has a payout ratio of 96.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Analysts expect Capital Southwest to earn $2.44 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 95.1%.

Capital Southwest Price Performance

CSWC stock traded down $0.20 during midday trading on Thursday, reaching $20.19. The company had a trading volume of 271,755 shares, compared to its average volume of 430,185. The company has a market capitalization of $1.02 billion, a P/E ratio of 14.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18. Capital Southwest has a 1 year low of $17.46 and a 1 year high of $27.23. The firm has a 50-day moving average price of $21.23 and a 200-day moving average price of $22.37.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The asset manager reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. Capital Southwest had a return on equity of 15.18% and a net margin of 33.49%. On average, research analysts anticipate that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Capital Southwest from $23.50 to $20.50 and set a "neutral" rating for the company in a research note on Thursday, April 17th. StockNews.com upgraded Capital Southwest from a "sell" rating to a "hold" rating in a report on Saturday, April 19th.

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.