Capital Southwest Co. (CSWC) To Go Ex-Dividend on March 14th

Capital Southwest Co. (NASDAQ:CSWC) announced a quarterly dividend on Wednesday, January 29th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.58 per share by the asset manager on Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 10.42%. The ex-dividend date of this dividend is Friday, March 14th.

Capital Southwest has decreased its dividend payment by an average of 2.0% per year over the last three years. Capital Southwest has a payout ratio of 94.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Capital Southwest to earn $2.44 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 95.1%.

Capital Southwest Stock Performance

NASDAQ:CSWC opened at $22.26 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $22.67 and its 200-day moving average price is $23.51. Capital Southwest has a twelve month low of $20.68 and a twelve month high of $27.23. The company has a market cap of $1.13 billion, a P/E ratio of 15.79 and a beta of 1.21.

Capital Southwest (NASDAQ:CSWC) last issued its earnings results on Monday, February 3rd. The asset manager reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Capital Southwest had a net margin of 33.49% and a return on equity of 15.18%. On average, sell-side analysts forecast that Capital Southwest will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Capital Southwest from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th.

About Capital Southwest

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments.