Gladstone Capital Corporation (NASDAQ:GLAD) Declares Monthly Dividend of $0.15
by Doug Wharley · The Cerbat GemGladstone Capital Corporation (NASDAQ:GLAD – Get Free Report) announced a monthly dividend on Tuesday, April 14th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.15 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Tuesday, June 23rd.
Gladstone Capital has increased its dividend by an average of 0.1%annually over the last three years and has increased 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. Research 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 Stock Up 2.8%
GLAD stock opened at $18.56 on Wednesday. Gladstone Capital has a fifty-two week low of $16.54 and a fifty-two week high of $29.50. The business’s 50-day moving average is $18.16 and its two-hundred day moving average is $19.62. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market cap of $419.27 million, a price-to-earnings ratio of 11.67 and a beta of 0.95.
Gladstone Capital (NASDAQ:GLAD – Get Free Report) last posted its earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Gladstone Capital had a return on equity of 9.56% and a net margin of 39.42%.The company had revenue of $24.51 million for the quarter, compared to the consensus estimate of $24.70 million. As a group, analysts forecast that Gladstone Capital will post 2.03 earnings per share for the current year.
About Gladstone Capital
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.