Gladstone Capital Corporation (NASDAQ:GLAD) Declares Monthly Dividend of $0.15

Key Points

• Gladstone Capital Corporation declared a monthly dividend of $0.15 per share, with payment scheduled for December 31st to stockholders on record by December 22nd, representing an annualized dividend yield of 8.9%.
• The company has a high payout ratio of 98.5%, suggesting that while dividends are currently covered by earnings, future earnings declines could jeopardize this coverage.
• Gladstone Capital's stock price opened at $20.12, showcasing a 1-year range between $19.29 and $30.43, with a market capitalization of approximately $449.28 million.

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) announced a monthly dividend on Tuesday, October 14th. Stockholders of record on Monday, December 22nd will be given a dividend of 0.15 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, December 22nd.

Gladstone Capital has a payout ratio of 98.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. 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 Stock Down 0.2%

GLAD stock opened at $20.12 on Wednesday. Gladstone Capital has a one year low of $19.29 and a one year high of $30.43. The firm has a market cap of $449.28 million, a PE ratio of 5.94 and a beta of 0.99. The firm's 50 day moving average price is $24.26 and its 200-day moving average price is $25.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.08 and a current ratio of 0.08.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last posted its earnings results on Monday, August 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Gladstone Capital had a return on equity of 9.43% and a net margin of 84.60%.The company had revenue of $21.66 million during the quarter, compared to analysts' expectations of $21.93 million. On average, equities research analysts anticipate that Gladstone Capital will post 2.03 EPS for the current 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.

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