Gladstone Capital Co. (NASDAQ:GLAD) Plans $0.17 Monthly Dividend

Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Tuesday, April 8th, NASDAQ Dividends reports. Investors of record on Monday, April 21st will be given a dividend of 0.165 per share by the investment management company on Wednesday, April 30th. This represents a $1.98 annualized dividend and a yield of 8.34%. The ex-dividend date of this dividend is Monday, April 21st.

Gladstone Capital has increased its dividend payment by an average of 8.3% per year over the last three years. Gladstone Capital has a payout ratio of 98.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 $1.98 annual dividend with an expected future payout ratio of 97.5%.

Gladstone Capital Stock Performance

NASDAQ:GLAD traded down $1.04 during mid-day trading on Thursday, reaching $23.73. The stock had a trading volume of 176,855 shares, compared to its average volume of 119,846. The business has a 50 day simple moving average of $27.55 and a 200 day simple moving average of $26.98. The firm has a market capitalization of $529.89 million, a price-to-earnings ratio of 5.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. Gladstone Capital has a twelve month low of $20.21 and a twelve month high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Tuesday, February 11th. The investment management company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. On average, analysts expect that Gladstone Capital will post 2.03 earnings per share for the current fiscal year.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.