Gladstone Capital Co. (NASDAQ:GLAD) Announces $0.17 Monthly Dividend

Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Tuesday, April 9th, Wall Street Journal reports. Stockholders of record on Wednesday, June 19th will be paid a dividend of 0.165 per share by the investment management company on Friday, June 28th. This represents a $1.98 annualized dividend and a dividend yield of 8.68%. The ex-dividend date is Tuesday, June 18th.

Gladstone Capital has raised its dividend by an average of 6.5% annually over the last three years. Gladstone Capital has a payout ratio of 93.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Gladstone Capital to earn $2.11 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 93.8%.

Gladstone Capital Stock Performance

Shares of GLAD stock opened at $22.81 on Monday. The firm has a market capitalization of $496.12 million, a price-to-earnings ratio of 8.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05. The business has a fifty day moving average of $21.79 and a 200 day moving average of $21.24. Gladstone Capital has a 1 year low of $18.40 and a 1 year high of $22.96.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Wednesday, May 1st. The investment management company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31). The firm had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $24.08 million. Gladstone Capital had a return on equity of 11.24% and a net margin of 73.15%. During the same quarter last year, the business earned $0.52 EPS. As a group, research analysts expect that Gladstone Capital will post 2.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th.

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.