Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Wednesday, April 10th, Wall Street Journal reports. Shareholders of record on Monday, April 22nd will be paid a dividend of 0.07 per share by the investment management company on Tuesday, April 30th. This represents a $0.84 annualized dividend and a yield of 9.00%. The ex-dividend date of this dividend is Thursday, April 18th.
Gladstone Capital has a dividend payout ratio of 97.7% indicating that 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 $0.87 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 96.6%.
Shares of Gladstone Capital stock opened at $9.33 on Wednesday. The firm has a market capitalization of $265.09 million, a price-to-earnings ratio of 10.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.09 and a current ratio of 0.09. Gladstone Capital has a 52-week low of $6.41 and a 52-week high of $9.87.
Several research firms have recently weighed in on GLAD. Zacks Investment Research lowered shares of Gladstone Capital from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub lowered shares of Gladstone Capital from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. National Securities reaffirmed a “sell” rating and issued a $7.00 target price on shares of Gladstone Capital in a report on Monday, February 11th. Finally, ValuEngine raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.00.
TRADEMARK VIOLATION WARNING: “Gladstone Capital Co. (GLAD) To Go Ex-Dividend on April 18th” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2019/04/17/gladstone-capital-co-glad-to-go-ex-dividend-on-april-18th.html.
Gladstone Capital Company Profile
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.
Featured Story: Cash Flow
Receive News & Ratings for Gladstone Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Capital and related companies with MarketBeat.com's FREE daily email newsletter.