Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on July 24th

Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.15 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Friday, July 24th.

Gladstone Capital has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Gladstone Capital has a dividend 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. Equities 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 Price Performance

Shares of Gladstone Capital stock opened at $19.53 on Wednesday. The stock has a market capitalization of $441.18 million, a P/E ratio of 10.67 and a beta of 0.92. Gladstone Capital has a one year low of $16.54 and a one year high of $29.15. The business’s 50 day simple moving average is $19.29 and its two-hundred day simple moving average is $19.11.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Wednesday, May 6th. The investment management company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $25.99 million during the quarter, compared to analysts’ expectations of $25.19 million. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. Sell-side analysts expect that Gladstone Capital will post 2.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on GLAD. B. Riley Financial reissued a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen raised Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.67.

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.