Gladstone Capital Co. (NASDAQ:GLAD) to Issue Dividend of $0.17

Gladstone Capital Co. (NASDAQ:GLAD) declared a dividend on Thursday, January 23rd,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.165 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 6.56%. The ex-dividend date is Friday, January 24th.

Gladstone Capital has raised its dividend by an average of 8.3% per year over the last three years. Gladstone Capital has a dividend payout ratio of 98.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Gladstone Capital to earn $2.04 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 97.1%.

Gladstone Capital Stock Up 0.2 %

Shares of GLAD traded up $0.05 during trading hours on Thursday, hitting $30.19. The company had a trading volume of 128,187 shares, compared to its average volume of 117,756. Gladstone Capital has a one year low of $19.20 and a one year high of $30.37. The company’s fifty day moving average price is $27.99 and its two-hundred day moving average price is $25.20. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $674.14 million, a PE ratio of 7.94 and a beta of 1.27.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Gladstone Capital

In other news, President Bob Marcotte sold 15,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total value of $423,925.00. Following the completion of the transaction, the president now owns 248,210 shares of the company’s stock, valued at $6,788,543.50. The trade was a 5.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.96% of the company’s 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.