Gladstone Capital Co. (GLAD) to Issue Monthly Dividend of $0.17 on September 30th

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Tuesday, July 9th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.165 per share by the investment management company on Monday, September 30th. This represents a $1.98 annualized dividend and a dividend yield of 8.51%. The ex-dividend date of this dividend is Friday, September 20th.

Gladstone Capital has raised its dividend payment by an average of 6.5% annually over the last three years. Gladstone Capital has a dividend payout ratio of 93.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Gladstone Capital to earn $2.12 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 93.4%.

Gladstone Capital Stock Down 0.3 %

Shares of GLAD opened at $23.27 on Wednesday. Gladstone Capital has a fifty-two week low of $18.40 and a fifty-two week high of $24.73. The firm has a market cap of $506.22 million, a PE ratio of 8.43 and a beta of 1.26. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average is $23.19 and its two-hundred day moving average is $22.23.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. The business had revenue of $25.69 million for the quarter, compared to analyst estimates of $24.69 million. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. Analysts forecast that Gladstone Capital will post 2.14 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.