Capitala Finance Corp (CPTA) to Issue Monthly Dividend of $0.08 on March 28th

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.

Capitala Finance (NASDAQ:CPTA) last announced its earnings results on Monday, March 4th. The investment management company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). Capitala Finance had a negative net margin of 33.89% and a positive return on equity of 7.70%. The firm had revenue of $11.31 million for the quarter, compared to the consensus estimate of $11.43 million. As a group, sell-side analysts predict that Capitala Finance will post 0.97 EPS for the current fiscal year.

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.

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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.

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Dividend History for Capitala Finance (NASDAQ:CPTA)

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