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

Key Points

• Gladstone Capital Corporation has announced a monthly dividend of $0.15 per share, with a dividend yield of 8.9%, payable to stockholders on October 31st.
• The company currently has a payout ratio of 98.5%, indicating that its dividend is largely covered by earnings, although future earnings fluctuations may impact this coverage.
• Analysts have mixed views on the stock, with one upgrade to a "hold" rating and a downgrade to "strong sell," leading to a consensus rating of "Hold" and a price target of $24.50.

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) declared a monthly dividend on Tuesday, October 14th. Stockholders of record on Friday, October 24th will be given a dividend of 0.15 per share by the investment management company on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Friday, October 24th.

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 tumble. 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%

NASDAQ:GLAD opened at $20.12 on Wednesday. The firm has a market capitalization of $449.28 million, a PE ratio of 5.94 and a beta of 0.99. The stock has a 50 day moving average of $24.26 and a 200-day moving average of $25.71. Gladstone Capital has a 52 week low of $19.29 and a 52 week high of $30.43. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.06.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.50. The business had revenue of $21.66 million during the quarter, compared to analyst estimates of $21.93 million. Gladstone Capital had a return on equity of 9.43% and a net margin of 84.60%. Analysts predict that Gladstone Capital will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on GLAD shares. LADENBURG THALM/SH SH upgraded Gladstone Capital to a "hold" rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Gladstone Capital in a research report on Tuesday. Zacks Research downgraded Gladstone Capital from a "hold" rating to a "strong sell" rating in a research report on Monday. Finally, Oppenheimer increased their price objective on Gladstone Capital from $24.00 to $26.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $24.50.

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.

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