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

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Tuesday, October 8th, Zacks reports. Investors of record on Tuesday, October 22nd will be given a dividend of 0.165 per share by the investment management company on Thursday, October 31st. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date of this dividend is Tuesday, October 22nd.

Gladstone Capital has increased its dividend by an average of 6.5% annually over the last three years. Gladstone Capital has a 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. Equities analysts expect Gladstone Capital to earn $2.08 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 95.2%.

Gladstone Capital Price Performance

Shares of GLAD stock traded down $0.05 during trading hours on Thursday, reaching $24.42. 12,884 shares of the company were exchanged, compared to its average volume of 128,710. The company has a market cap of $531.23 million, a price-to-earnings ratio of 8.87 and a beta of 1.26. 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 stock’s fifty day moving average is $23.10 and its two-hundred day moving average is $22.59. Gladstone Capital has a fifty-two week low of $18.56 and a fifty-two week high of $24.73.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. The business had revenue of $25.69 million during the quarter, compared to the consensus estimate of $24.69 million. Sell-side analysts forecast that Gladstone Capital will post 2.14 earnings per share for the current fiscal year.

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.