Capital Southwest Corporation Plans Monthly Dividend of $0.19 (NASDAQ:CSWC)

Capital Southwest Corporation (NASDAQ:CSWC) declared a monthly dividend on Wednesday, May 27th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.1934 per share by the asset manager on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

Capital Southwest has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Capital Southwest has a payout ratio of 99.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Capital Southwest to earn $2.15 per share next year, which means the company may not be able to cover its $2.32 annual dividend with an expected future payout ratio of 107.9%.

Capital Southwest Stock Up 0.6%

NASDAQ CSWC opened at $23.27 on Thursday. Capital Southwest has a 52 week low of $19.37 and a 52 week high of $24.43. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $23.04 and its 200-day simple moving average is $22.53. The firm has a market cap of $1.45 billion, a PE ratio of 12.25 and a beta of 0.71.

Wall Street Analyst Weigh In

Several research firms have recently commented on CSWC. B. Riley Financial lifted their price target on Capital Southwest from $24.00 to $24.50 and gave the stock a “buy” rating in a report on Friday, May 15th. Weiss Ratings upgraded Capital Southwest from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, January 28th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital Southwest has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Capital Southwest Company Profile

Capital Southwest (NASDAQ: CSWC) is a publicly traded investment firm structured as a business development company (BDC) that provides customized financing solutions to middle-market companies across the United States. The firm offers a spectrum of debt and equity capital, including senior secured loans, mezzanine debt, and both preferred and common equity investments. By partnering with corporate management teams, Capital Southwest seeks to support growth initiatives, recapitalizations, acquisitions, and ownership transitions.

Founded in 1961 and headquartered in Dallas, Texas, Capital Southwest has cultivated a track record of long-term partnerships with privately held businesses and select public companies.