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

Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.58 per share by the asset manager on Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 10.10%. The ex-dividend date of this dividend is Friday, March 14th.

Capital Southwest has decreased its dividend payment by an average of 3.5% per year over the last three years. Capital Southwest has a dividend payout ratio of 95.9% meaning 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 Performance

Shares of CSWC traded up $0.09 during trading hours on Friday, hitting $22.97. The company's stock had a trading volume of 405,205 shares, compared to its average volume of 436,437. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 16.29 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.16. The business has a 50 day simple moving average of $22.19 and a two-hundred day simple moving average of $23.77. Capital Southwest has a 52-week low of $20.68 and a 52-week high of $27.23.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last released 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 net margin of 33.49% and a return on equity of 15.18%. On average, equities analysts expect that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CSWC has been the subject of several analyst reports. StockNews.com downgraded Capital Southwest from a "hold" rating to a "sell" rating in a research note on Friday. B. Riley raised their price objective on shares of Capital Southwest from $24.00 to $24.50 and gave the company a "neutral" rating in a research report on Wednesday, October 30th.

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.