Gladstone Capital Co. (NASDAQ:GLAD) Plans Monthly Dividend of $0.07

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Thursday, October 15th, Wall Street Journal reports. Shareholders of record on Friday, November 20th will be given a dividend of 0.065 per share by the investment management company on Monday, November 30th. This represents a $0.78 dividend on an annualized basis and a yield of 10.13%. The ex-dividend date of this dividend is Thursday, November 19th.

Gladstone Capital has a dividend payout ratio of 95.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Gladstone Capital to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 97.5%.

GLAD stock opened at $7.70 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.10 and a quick ratio of 0.10. The company has a fifty day moving average price of $7.54 and a two-hundred day moving average price of $7.05. Gladstone Capital has a one year low of $4.04 and a one year high of $10.69. The stock has a market cap of $240.19 million, a price-to-earnings ratio of -36.67 and a beta of 1.50.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, July 29th. The investment management company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). Gladstone Capital had a positive return on equity of 10.76% and a negative net margin of 13.99%. The company had revenue of $11.73 million for the quarter, compared to the consensus estimate of $12.56 million. Research analysts anticipate that Gladstone Capital will post 0.82 EPS for the current fiscal year.

Separately, Zacks Investment Research raised Gladstone Capital from a “sell” rating to a “hold” rating in a report on Wednesday, September 30th.

About Gladstone Capital

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated 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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Dividend History for Gladstone Capital (NASDAQ:GLAD)

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