Gladstone Capital Co. (NASDAQ:GLAD) to Issue Monthly Dividend of $0.17

Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) declared a monthly dividend on Tuesday, January 14th, NASDAQ Dividends reports. Shareholders of record on Wednesday, February 19th will be given a dividend of 0.165 per share by the investment management company on Friday, February 28th. This represents a $1.98 annualized dividend and a yield of 6.83%. The ex-dividend date is Wednesday, February 19th.

Gladstone Capital has increased its dividend payment by an average of 8.3% per year over the last three years. Gladstone Capital has a dividend payout ratio of 97.5% indicating that 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 Price Performance

Shares of GLAD traded down $0.24 during mid-day trading on Thursday, reaching $29.01. The company had a trading volume of 75,205 shares, compared to its average volume of 116,067. Gladstone Capital has a twelve month low of $19.20 and a twelve month high of $30.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04. The company's 50-day moving average is $28.83 and its 200-day moving average is $25.93. The company has a market capitalization of $647.79 million, a P/E ratio of 7.09 and a beta of 1.27.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its 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 return on equity of 10.00% and a net margin of 106.59%. On average, equities analysts anticipate that Gladstone Capital will post 2.03 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on Gladstone Capital in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $23.00 target price for the company.

Insider Activity at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the completion of the sale, the president now directly owns 248,210 shares of the company's stock, valued at $6,788,543.50. This trade represents a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.96% of the company's stock.

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.