Capital Southwest Co. (NASDAQ:CSWC) announced a dividend on Wednesday, July 31st, NASDAQ reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.50 per share by the asset manager on Monday, September 30th. The ex-dividend date is Friday, September 13th.
Capital Southwest has raised its dividend payment by an average of 148.3% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Capital Southwest has a payout ratio of 125.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Capital Southwest to earn $1.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 87.9%.
Capital Southwest stock traded up $0.10 during mid-day trading on Wednesday, hitting $21.75. The company’s stock had a trading volume of 500 shares, compared to its average volume of 87,841. Capital Southwest has a 1 year low of $17.22 and a 1 year high of $24.17. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $384.62 million, a PE ratio of 15.32 and a beta of 0.20. The stock’s fifty day moving average is $21.70 and its two-hundred day moving average is $21.59.
A number of research analysts have commented on the stock. BidaskClub cut shares of Capital Southwest from a “hold” rating to a “sell” rating in a research report on Tuesday. National Securities reiterated a “buy” rating and set a $24.00 price target on shares of Capital Southwest in a research report on Tuesday, June 4th. Finally, Zacks Investment Research downgraded shares of Capital Southwest from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $23.50.
In other Capital Southwest news, Director David R. Brooks acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of $21.37 per share, for a total transaction of $53,425.00. Following the completion of the acquisition, the director now owns 24,500 shares of the company’s stock, valued at approximately $523,565. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.
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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.
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