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. The investment structures are Unitranche debt, subordinated debt, senior debt, first and second lien debt, and preferred and common equity. The firm makes equity co-investments alongside debt investments, up to 20% of total check and only makes non-control investments. It prefers to invest in Industrial manufacturing and services, value-added distribution, healthcare products and services, business services, specialty chemicals, food and beverage, tech-enabled services and SaaS models. The firm seeks to invest in energy services and products, industrial technologies, and specialty chemicals and products. Within energy services and products, the firm seeks to invest in each segment of the industry, including upstream, midstream and downstream, excluding exploration and production with a focus on differentiated products and services, equipment and tool rental, consumable products, and drilling and completion chemicals. Within industrial technologies, it seeks to invest in automation and process controls, handling and packaging equipment, industrial filtration and fluid handling, measurement, monitoring and testing, professional tools, and sensors and instrumentation. Within and specialty chemicals and products, the firm seeks to invest in businesses that develop and manufacture highly differentiated chemicals and products including adhesives, coatings and sealants, catalysts and absorbents, cosmeceuticals, fine chemicals, flavors and fragrances, performance lubricants, polymers, plastics and composites, chemical dispensing and filtration equipment, professional and industrial trade consumables and tools, engineered solutions for HVAC, plumbing, and electrical installations, specified high performance materials for fire protection and oilfield applications. It may also invest in exceptional opportunities in building products. The firm seeks to invest in the United States. The firm seeks to make investments ranging from $5 to $25 million in securities. It seeks to make equity investments ranging from $5 million to $50 million and debt investments between $5 million and $20 million and co-invest in transaction size up to $40 million. It prefers to invest in companies with revenues approaching above $10 million, profitable operations, historical growth rate of at least 15 percent per year. Within the lower middle market, it seeks to invest in with less than $15 million in EBITDA and also opportunistically invests in the upper middle market, generally defined as companies with EBITDA in excess of $50 million. In addition to making direct investments, the firm allocates capital to syndicated first and second lien term loans in the upper middle market. Criteria for Upper Middle Market Syndicated 1st Lien is EBITDA Size more than $30 million, Closing Leverage greater than 4 times, investment hold size between $5 million and $7 million, investment yield greater than 6.5%. Criteria for Upper Middle Market Syndicated 2nd Lien is EBITDA Size more than $50 million, Closing Leverage greater than 6 times, investment hold size between $5 million and $7 million, investment yield greater than 9%. It prefers to take a majority and minority stake. The firm has the flexibility to hold investments for very long period in its portfolio companies. It may also invest through warrants. The firm prefers to take Board participation in its portfolio companies. Capital Southwest Corporation was founded on April 19, 1961 and is based in Dallas, Texas.
Capital Southwest Dividend Announcement
• Capital Southwest announced a quarterly dividend of $0.63 per ordinary share which will be made payable on 2024-12-31. Ex dividend date: 2024-12-13
• Capital Southwest annual dividend for 2024 was $2.53
• Capital Southwest annual dividend for 2023 was $2.42
• Capital Southwest's trailing twelve-month (TTM) dividend yield is 11.14%
• Capital Southwest's payout ratio for the trailing twelve months (TTM) is 156.46%
• Capital Southwest's dividend growth over the last five years (2018-2023) was 4.20% year
• Capital Southwest's dividend growth over the last ten years (2013-2023) was -2.91% year
Capital Southwest Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.63 | quarterly | 2024-12-31 |
2024-09-13 | $0.64 | quarterly | 2024-09-30 |
2024-06-14 | $0.63 | quarterly | 2024-06-28 |
2024-03-14 | $0.63 | quarterly | 2024-03-28 |
2023-12-14 | $0.63 | quarterly | 2023-12-29 |
2023-09-14 | $0.62 | quarterly | 2023-09-29 |
2023-06-14 | $0.59 | quarterly | 2023-06-30 |
2023-03-14 | $0.58 | quarterly | 2023-03-31 |
2022-12-14 | $0.52 | quarterly | 2022-12-30 |
2022-09-14 | $0.50 | quarterly | 2022-09-30 |
2022-06-14 | $0.63 | quarterly | 2022-06-30 |
2022-03-14 | $0.48 | quarterly | 2022-03-31 |
2021-12-14 | $0.97 | quarterly | 2021-12-31 |
2021-09-14 | $0.54 | quarterly | 2021-09-30 |
2021-06-14 | $0.53 | quarterly | 2021-06-30 |
2021-03-12 | $0.62 | quarterly | 2021-03-31 |
2020-12-14 | $0.61 | quarterly | 2020-12-31 |
2020-09-14 | $0.51 | quarterly | 2020-09-30 |
2020-06-12 | $0.51 | quarterly | 2020-06-30 |
2020-03-13 | $0.51 | quarterly | 2020-03-31 |
2019-12-19 | $2.10 | quarterly | 2019-12-31 |
2019-09-13 | $0.50 | quarterly | 2019-09-30 |
2019-06-13 | $0.39 | quarterly | 2019-06-28 |
2019-03-14 | $0.48 | quarterly | 2019-03-29 |
2018-12-13 | $0.46 | quarterly | 2018-12-31 |
2018-09-14 | $0.34 | quarterly | 2018-09-28 |
2018-06-25 | $0.89 | quarterly | 2018-07-02 |
2018-03-14 | $0.28 | quarterly | 2018-04-02 |
2017-12-14 | $0.26 | quarterly | 2018-01-02 |
2017-09-14 | $0.24 | quarterly | 2017-10-02 |
2017-06-13 | $0.21 | quarterly | 2017-07-03 |
2017-03-13 | $0.45 | quarterly | 2017-04-03 |
2016-12-13 | $0.17 | quarterly | 2017-01-03 |
2016-09-13 | $0.11 | quarterly | 2016-10-01 |
2016-06-16 | $0.06 | quarterly | 2016-07-01 |
2016-03-11 | $0.04 | quarterly | 2016-04-01 |
2015-05-12 | $0.10 | quarterly | 2015-05-29 |
2014-11-12 | $0.10 | quarterly | 2014-11-28 |
2014-05-13 | $0.10 | quarterly | 2014-05-30 |
2013-11-13 | $0.10 | quarterly | 2013-11-29 |
2013-05-15 | $0.40 | quarterly | 2013-05-31 |
2013-03-13 | $2.75 | quarterly | 2013-03-28 |
Capital Southwest Dividend per year
Capital Southwest Dividend growth
Capital Southwest Dividend Yield
Capital Southwest current trailing twelve-month (TTM) dividend yield is 11.14%. Interested in purchasing Capital Southwest stock? Use our calculator to estimate your expected dividend yield:
Capital Southwest Financial Ratios
Capital Southwest Dividend FAQ
Other factors to consider when evaluating Capital Southwest as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Capital Southwest's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Capital Southwest publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Capital Southwest distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Capital Southwest are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Capital Southwest sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Capital Southwest distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Capital Southwest declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Capital Southwest's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Capital Southwest's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.