Capital Southwest Co. (NASDAQ:CSWC) to Issue $0.63 Quarterly Dividend

Capital Southwest Co. (NASDAQ:CSWC - Get Free Report) announced a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.63 per share by the asset manager on Tuesday, December 31st. This represents a $2.52 annualized dividend and a yield of 10.33%. The ex-dividend date is Friday, December 13th.

Capital Southwest has increased its dividend by an average of 8.1% annually over the last three years. Capital Southwest has a payout ratio of 95.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities analysts expect Capital Southwest to earn $2.39 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 97.1%.

Capital Southwest Stock Performance

Shares of NASDAQ:CSWC traded down $0.08 on Wednesday, reaching $24.40. 214,048 shares of the company's stock were exchanged, compared to its average volume of 295,295. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. Capital Southwest has a fifty-two week low of $21.15 and a fifty-two week high of $27.23. The business's 50-day moving average is $25.21 and its two-hundred day moving average is $25.54. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.85 and a beta of 1.24.

Capital Southwest (NASDAQ:CSWC - Get Free Report) last issued its earnings results on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The company had revenue of $48.71 million during the quarter, compared to the consensus estimate of $49.79 million. Capital Southwest had a return on equity of 15.70% and a net margin of 38.92%. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, equities research analysts forecast that Capital Southwest will post 2.47 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley boosted their price target on shares of Capital Southwest from $24.00 to $24.50 and gave the company a "neutral" rating in a report on Wednesday.

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.