Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) declared a monthly dividend on Wednesday, April 9th, Wall Street Journal reports. Investors of record on Friday, June 20th will be given a dividend of 0.165 per share by the investment management company on Monday, June 30th. This represents a $1.98 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date of this dividend is Friday, June 20th.
Gladstone Capital has increased its dividend by an average of 8.3% per year over the last three years. Gladstone Capital has a dividend payout ratio of 98.0% 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 Performance
Gladstone Capital stock traded up $0.37 during mid-day trading on Monday, hitting $24.52. The company had a trading volume of 133,686 shares, compared to its average volume of 119,539. The company has a market capitalization of $547.53 million, a price-to-earnings ratio of 6.00 and a beta of 1.05. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13. The company's fifty day moving average is $27.24 and its 200-day moving average is $27.01. Gladstone Capital has a 12-month low of $20.30 and a 12-month high of $30.43.
Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Gladstone Capital had a net margin of 106.59% and a return on equity of 10.00%. Equities research analysts predict that Gladstone Capital will post 2.03 EPS for the current year.
About Gladstone Capital
(
Get Free Report)
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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