Capital Southwest Corporation (NASDAQ:CSWC) Announces Quarterly Dividend of $0.06

Key Points

• Capital Southwest Corporation has announced a quarterly dividend of $0.06 per share, with payment scheduled for December 31st to stockholders on record by December 15th.
• The company's annualized dividend represents a yield of 1.1%, though its current payout ratio stands at 99.1%, which raises concerns about its sustainability in the future.
• Capital Southwest recently reported earnings of $0.59 per share, meeting analysts' expectations, but the firm's revenue also saw a decrease from the previous year, reflecting a net margin of 39.95%.

Capital Southwest Corporation (NASDAQ:CSWC - Get Free Report) announced a quarterly dividend on Wednesday, August 27th. Stockholders of record on Monday, December 15th will be given a dividend of 0.06 per share by the asset manager on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, December 15th.

Capital Southwest has a 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 fall. Equities research 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 Stock Up 0.5%

Shares of Capital Southwest stock traded up $0.11 during trading on Thursday, hitting $22.76. 149,313 shares of the stock traded hands, compared to its average volume of 565,077. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1.27 billion, a P/E ratio of 13.79 and a beta of 0.98. The stock's fifty day simple moving average is $22.59 and its 200 day simple moving average is $21.74. Capital Southwest has a 52-week low of $17.46 and a 52-week high of $25.90.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The asset manager reported $0.59 EPS for the quarter, meeting analysts' consensus estimates of $0.59. The business had revenue of $55.95 million for the quarter, compared to the consensus estimate of $54.36 million. Capital Southwest had a net margin of 39.95% and a return on equity of 14.17%. During the same quarter last year, the firm posted $0.69 EPS. On average, equities analysts predict that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

About Capital Southwest

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.

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