Gladstone Capital Corporation Plans Monthly Dividend of $0.15 (NASDAQ:GLAD)

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, July 14th. Shareholders of record on Monday, September 21st will be given a dividend of 0.15 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Monday, September 21st.

Gladstone Capital has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Gladstone Capital has a payout ratio of 89.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Gladstone Capital to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 90.9%.

Gladstone Capital Stock Performance

GLAD stock opened at $19.80 on Wednesday. Gladstone Capital has a fifty-two week low of $16.54 and a fifty-two week high of $29.50. The stock’s 50 day simple moving average is $19.27 and its 200 day simple moving average is $19.13. The company has a market cap of $447.28 million, a P/E ratio of 10.82 and a beta of 0.92.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Wednesday, May 6th. The investment management company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $25.99 million for the quarter, compared to analyst estimates of $25.19 million. Gladstone Capital had a return on equity of 9.79% and a net margin of 45.15%. Equities analysts predict that Gladstone Capital will post 2.01 earnings per share for the current year.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.