Gladstone Capital Co. to Issue Monthly Dividend of $0.17 (NASDAQ:GLAD)

Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Wednesday, April 9th, Wall Street Journal reports. Investors of record on Friday, June 20th will be paid a dividend of 0.165 per share by the investment management company on Monday, June 30th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date is Friday, June 20th.

Gladstone Capital has raised its dividend payment by an average of 8.3% per year over the last three years. Gladstone Capital has a dividend 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 Trading Up 7.1 %

Shares of Gladstone Capital stock opened at $24.77 on Thursday. The company’s fifty day moving average is $27.55 and its two-hundred day moving average is $26.98. Gladstone Capital has a 1 year low of $20.21 and a 1 year high of $30.43. The company has a market capitalization of $553.11 million, a P/E ratio of 6.06 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 (NASDAQ:GLAD) last released its earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share 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%. Analysts forecast that Gladstone Capital will post 2.03 earnings per share for the current 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.