Gladstone Capital Co. (GLAD) to Issue Dividend of $0.40 on December 18th

Gladstone Capital Co. (NASDAQ:GLAD) declared a dividend on Tuesday, November 12th,NASDAQ Dividends reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.40 per share by the investment management company on Wednesday, December 18th. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from Gladstone Capital’s previous dividend of $0.17.

Gladstone Capital has increased its dividend by an average of 6.5% per year over the last three years. Gladstone Capital has a payout ratio of 96.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Gladstone Capital to earn $2.05 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 96.6%.

Gladstone Capital Stock Performance

GLAD traded down $0.12 during trading on Thursday, hitting $25.56. The stock had a trading volume of 238,112 shares, compared to its average volume of 127,895. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market cap of $555.93 million, a price-to-earnings ratio of 8.52 and a beta of 1.25. The company has a 50 day moving average price of $24.12 and a 200-day moving average price of $23.29. Gladstone Capital has a one year low of $19.20 and a one year high of $27.81.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on Gladstone Capital in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 target price on the stock.

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.