Gladstone Capital Co. (NASDAQ:GLAD) will issue a monthly dividend of $0.07

Gladstone Capital Co. (NASDAQ:GLAD – Get a rating) declared a monthly dividend on Thursday, July 14, the wall street journal reports. Investors of record on Tuesday, August 23 will receive a dividend of 0.0675 per share from the investment management company on Wednesday, August 31. This represents a dividend of $0.81 on an annualized basis and a dividend yield of 7.86%. The ex-dividend date is Monday, August 22.

Gladstone Capital has decreased its dividend payout by an average of 2.4% per year over the past three years and has increased its dividend each year for the past 1 years. Gladstone Capital has a payout ratio of 93.1%, indicating that its dividend is currently being covered by earnings, but may not be in the future if the company’s earnings fall. Stock analysts expect Gladstone Capital to earn $0.87 per share next year, meaning the company should continue to be able to cover its $0.81 annual dividend with a payout ratio. expected future of 93.1%.

GLAD stock traded down $0.11 at midday on Thursday, hitting $10.31. The company had a trading volume of 2,750 shares, compared to an average volume of 168,866. The company has a market capitalization of $353.67 million, a PE ratio of 4.96 and a beta of 1.30. The company has a debt ratio of 0.05, a quick ratio of 0.03 and a current ratio of 0.03. Gladstone Capital has a 12-month low of $9.43 and a 12-month high of $12.78. The stock’s fifty-day moving average price is $10.79 and its two-hundred-day moving average price is $11.22.

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Gladstone Capital (NASDAQ: GLAD- Get a rating) last reported quarterly earnings data on Tuesday, May 3. The investment management firm reported EPS of $0.25 for the quarter, beating the consensus estimate of $0.20 by $0.05. The company posted revenue of $17.26 million for the quarter, versus analyst estimates of $14.79 million. Gladstone Capital had a net margin of 115.70% and a return on equity of 9.93%. Equity analysts expect Gladstone Capital to post earnings per share of 0.93 for the current year.

A number of large investors have recently changed their holdings in GLAD. BNP Paribas Arbitrage SA increased its stake in Gladstone Capital by 230.5% during the first quarter. BNP Paribas Arbitrage SA now owns 4,300 shares in the investment management company valued at $51,000 after acquiring 2,999 additional shares last quarter. Private Advisor Group LLC increased its stake in Gladstone Capital by 9.5% during the first quarter. Private Advisor Group LLC now owns 11,483 shares of the investment management firm valued at $135,000 after acquiring an additional 1,000 shares in the last quarter. Blair William & Co. IL bought a new position in Gladstone Capital during the first quarter worth approximately $136,000. Great West Life Assurance Co. Can increased its stake in Gladstone Capital by 20.1% during the first quarter. Great West Life Assurance Co. Can now owns 12,508 shares of the investment management company valued at $157,000 after acquiring 2,096 additional shares last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Gladstone Capital by 31.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,579 shares of the investment management firm worth $195,000 after buying an additional 4,004 shares last quarter. 10.38% of the shares are held by institutional investors.

Several analysts have recently released reports on GLAD shares. StockNews.com began covering Gladstone Capital shares in a research report on Thursday, March 31. They issued a “hold” rating on the stock. Raymond James began covering Gladstone Capital shares in a research report on Wednesday, April 6. They issued a “market performance” rating on the stock. Finally, Janney Montgomery Scott began covering Gladstone Capital shares in a research report on Tuesday. They issued a “neutral” rating on the title.

Gladstone Capital Company Profile (Get a rating)

Gladstone Capital Corporation is a business development firm specializing in lower middle market, growth capital, add-on acquisitions, change of control, buy and build strategies, debt refinancing, equity investments first lien term loans, revolving loans, first and second lien secured term loans. , senior subordinated loans, unitranche loans, junior subordinated loans and mezzanine loans and equity investments in the form of common shares, preferred shares, interests in limited liability companies or warrants.

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Dividend history for Gladstone Capital (NASDAQ:GLAD)

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