Gladstone Capital Corp. Plans Monthly Dividend of $0.07 (GLAD)
Gladstone Capital Corp. (NASDAQ:GLAD) announced a monthly dividend on Wednesday, January 8th, Analyst Ratings News reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.07 per share on Monday, March 31st. This represents a $0.84 annualized dividend and a dividend yield of 8.58%. The ex-dividend date is Thursday, March 13th.
On a related note, analysts at Zacks downgraded shares of Gladstone Capital Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 30th. They now have a $9.80 price target on the stock.
Gladstone Capital Corp. (NASDAQ:GLAD) traded down 0.10% during mid-day trading on Wednesday, hitting $9.79. 68,273 shares of the company’s stock traded hands. Gladstone Capital Corp. has a 52-week low of $7.76 and a 52-week high of $9.92. The stock’s 50-day moving average is $9.58 and its 200-day moving average is $8.84. The company has a market cap of $205.6 million and a P/E ratio of 6.39.
Gladstone Capital Corp. (NASDAQ:GLAD) last released its earnings data on Tuesday, November 19th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.02. On average, analysts predict that Gladstone Capital Corp. will post $0.84 earnings per share for the current fiscal year.
Gladstone Capital Corporation operates as a closed-end, non-diversified management investment company.
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