Capital Southwest Corporation (NASDAQ:CSWC) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.41 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 11.02 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Capital Southwest Corporation recently reported fourth quarter financial results on June 1, 2020, after market close, private equity business development company unveiled income for the fourth quarter of $ 0.37 per share, from the revenue of $ 15.04 million. The quarterly earnings dropped 7.50 percent while revenues elevated 5.10 percent compared with the same quarter last year.
Street analysts expected Capital Southwest Corporation recently reported fourth quarter financial results on June 1, 2020, after market close, private equity business development company to report income of $ 0.39 per share on revenue of $ 15.63 million for the fourth quarter. The bottom line results missed street analysts by $ 0.02 or 5.13 percent, at the same time, top line results fell short of analysts by $ 0.59 million or 3.77 percent.
Stock Performance
Shares of Capital Southwest Corporation traded up $ 0.06 or 0.40 percent on Thursday, reaching $ 14.88 with volume of 62.80 thousand shares. Capital Southwest Corporation has traded high as $ 14.99 and has cracked $ 14.80 on the downward trend
According to the previous trading day, closing price of $ 14.88, representing a 100.54 % increase from the 52 week low of $ 7.39 and a 34.31 % decrease over the 52 week high of $ 22.56.
The company has a market capital of $ 276.59 million and is part of the Financial Services sector and Asset Management industry.
Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing. In lower middle market, the firm typically invests in growth financing, bolt-on acquisitions, new platform acquisitions, refinancing, dividend recapitalizations, sponsor-led buyouts, and management buyouts situations.
