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

Key Points

• Gladstone Capital Corporation announced a monthly dividend of $0.15 per share, with the payment date set for November 26th for shareholders of record on November 17th.
• The annualized dividend yield stands at 8.9%, though the company has a high payout ratio of 98.5%, which could impact future dividend sustainability if earnings decline.
• Gladstone Capital's shares opened at $20.12, and the company reported earnings of $0.50 per share for the last quarter, matching analysts' expectations.

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) announced a monthly dividend on Tuesday, October 14th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.15 per share by the investment management company on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Monday, November 17th.

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 fall. 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 Performance

Shares of GLAD opened at $20.12 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $24.26 and a two-hundred day simple moving average of $25.71. The stock has a market cap of $449.28 million, a price-to-earnings ratio of 5.94 and a beta of 0.99. Gladstone Capital has a 52 week low of $19.29 and a 52 week high of $30.43.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released 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 firm had revenue of $21.66 million during the quarter, compared to analysts' expectations of $21.93 million. On average, analysts expect that Gladstone Capital will post 2.03 EPS for the current year.

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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