Capitala Finance Corp (NASDAQ:CPTA) declared a monthly dividend on Thursday, January 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 21st will be given a dividend of 0.0833 per share by the investment management company on Thursday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 12.64%. The ex-dividend date of this dividend is Wednesday, March 20th. This is an increase from Capitala Finance’s previous monthly dividend of $0.08.
Capitala Finance has decreased its dividend payment by an average of 19.0% per year over the last three years. Capitala Finance has a dividend payout ratio of 95.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Capitala Finance to earn $1.01 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 99.0%.
Shares of CPTA stock opened at $7.91 on Friday. Capitala Finance has a fifty-two week low of $6.46 and a fifty-two week high of $9.05. The stock has a market cap of $126.31 million, a P/E ratio of 7.89 and a beta of 1.14. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.51.
Several research analysts recently weighed in on the company. ValuEngine cut Capitala Finance from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research downgraded Capitala Finance from a “hold” rating to a “sell” rating in a report on Monday, January 14th.
COPYRIGHT VIOLATION WARNING: “Capitala Finance Corp (CPTA) to Issue Monthly Dividend of $0.08 on March 28th” was originally published by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://dakotafinancialnews.com/2019/03/15/capitala-finance-corp-cpta-to-issue-monthly-dividend-of-0-08-on-march-28th.html.
About Capitala Finance
Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.
Featured Article: Price to Earnings Ratio (PE), For Valuing Stocks
Receive News & Ratings for Capitala Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitala Finance and related companies with MarketBeat.com's FREE daily email newsletter.