Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Thursday, April 15th, Wall Street Journal reports. Stockholders of record on Wednesday, May 19th will be paid a dividend of 0.065 per share by the investment management company on Friday, May 28th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Tuesday, May 18th.
Gladstone Capital has a payout ratio of 95.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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%.
Gladstone Capital stock opened at $10.76 on Friday. The firm has a 50-day moving average price of $10.08 and a 200-day moving average price of $8.96. The firm has a market capitalization of $349.59 million, a PE ratio of -179.33 and a beta of 1.49. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.55. Gladstone Capital has a 12-month low of $5.60 and a 12-month high of $10.76.
GLAD has been the subject of a number of research analyst reports. TheStreet upgraded shares of Gladstone Capital from a “c” rating to a “b-” rating in a report on Wednesday, February 10th. Zacks Investment Research raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, January 19th.
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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