Gladstone Capital Co. (NASDAQ:GLAD) Increases Dividend to $0.20 Per Share

Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Thursday, July 15th, reports. Stockholders of record on Friday, July 23rd will be given a dividend of 0.195 per share by the investment management company on Friday, July 30th. This represents a $2.34 annualized dividend and a dividend yield of 20.44%. The ex-dividend date is Thursday, July 22nd. This is a positive change from Gladstone Capital’s previous monthly dividend of $0.07.

Gladstone Capital has a payout ratio of 95.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Capital to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 97.5%.

GLAD stock opened at $11.45 on Wednesday. The stock has a market cap of $385.29 million, a price-to-earnings ratio of 13.98, a PEG ratio of 4.66 and a beta of 1.46. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average price is $11.35. Gladstone Capital has a one year low of $6.97 and a one year high of $11.96.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Tuesday, May 4th. The investment management company reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The firm had revenue of $12.89 million for the quarter, compared to analyst estimates of $13.19 million. Gladstone Capital had a net margin of 110.80% and a return on equity of 10.17%. On average, sell-side analysts forecast that Gladstone Capital will post 0.8 EPS for the current fiscal year.

Several analysts have recently commented on GLAD shares. Zacks Investment Research lowered shares of Gladstone Capital from a “buy” rating to a “hold” rating in a research report on Thursday, July 8th. Oppenheimer initiated coverage on shares of Gladstone Capital in a report on Monday, June 28th. They issued a “market perform” rating and a $10.00 target price for the company.

About Gladstone Capital

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

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Dividend History for Gladstone Capital (NASDAQ:GLAD)

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