Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on January 23rd

Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.15 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Friday, January 23rd.

Gladstone Capital has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Gladstone Capital has a payout ratio of 89.6% indicating that 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 $2.03 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 88.7%.

Gladstone Capital Price Performance

NASDAQ:GLAD opened at $20.82 on Wednesday. The company has a market cap of $470.32 million, a PE ratio of 8.13 and a beta of 0.93. The firm’s 50 day simple moving average is $20.69 and its 200 day simple moving average is $22.93. Gladstone Capital has a one year low of $18.76 and a one year high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Monday, November 17th. The investment management company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $23.94 million for the quarter, compared to analysts’ expectations of $22.72 million. Gladstone Capital had a return on equity of 9.48% and a net margin of 64.36%. Equities research analysts expect that Gladstone Capital will post 2.03 EPS 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.