Welcome to our dedicated page for Capital Southwest news (Ticker: CSWC), a resource for investors and traders seeking the latest updates and insights on Capital Southwest stock.
Capital Southwest Corporation (CSWC) is an internally managed business development company listed on Nasdaq and based in Dallas, Texas. The company focuses on providing flexible financing solutions to support the acquisition and growth of middle market businesses, with $5 million to $50 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. Its news flow reflects this middle market lending focus and its role as a public investment company.
On this page, readers can follow CSWC news related to quarterly and annual financial results, portfolio activity and capital structure developments. Recent releases have covered first and second fiscal quarter results, including details on total investment income, pre-tax net investment income, portfolio composition between credit and equity investments, and non-accrual levels. These updates provide insight into how Capital Southwest’s credit portfolio, largely composed of first lien senior secured debt, and its equity co-investments are performing over time.
Capital Southwest also issues frequent announcements about its dividend policy, including monthly regular dividends and quarterly supplemental dividends, as well as information on its dividend reinvestment plan for registered stockholders. Investors can track Board of Directors decisions on dividend amounts per share and payment schedules, along with commentary on taxable income available for distribution.
Other notable news items include capital markets transactions, such as the pricing and issuance of 5.950% Notes due 2030, updates on the Corporate Credit Facility and SPV Credit Facility, and the use of the Equity ATM Program to raise common equity. Governance and corporate developments, including annual meeting voting results, executive promotions and affirmed investment grade ratings from Fitch Ratings, also appear in the company’s news. This page is a central resource for monitoring ongoing developments that affect CSWC’s operations, portfolio and capital structure.
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Capital Southwest Corporation (CSWC) announced a regular dividend of $0.54 per share and a supplemental dividend of $0.05 per share for the quarter ending June 30, 2023. The ex-dividend date is set for June 14, 2023, with a record date of June 15, 2023 and payment scheduled for June 30, 2023. These dividends reflect the company's ongoing commitment to delivering shareholder value. Capital Southwest focuses on providing flexible financing solutions to support middle market businesses, with approximately $1.2 billion in investments as of December 31, 2022. The company also offers a dividend reinvestment plan (DRIP) for shareholders to automatically reinvest dividends into additional shares.
Capital Southwest Corporation (CSWC) will announce its fourth quarter and fiscal year 2023 results on May 22, 2023, after market close. A conference call is scheduled for May 23, 2023, at 11:00 a.m. Eastern Time. This event will be accessible via a live webcast and phone call for investors. The company, based in Dallas, Texas, manages approximately $1.2 billion in investments as of December 31, 2022. Capital Southwest focuses on middle-market lending with investment sizes between $5 million and $35 million, utilizing various financing structures. Shareholders are encouraged to participate in the call for insights into the company’s performance and strategy.
Capital Southwest Corporation (Nasdaq: CSWC) has released preliminary operating results for the fourth quarter of its 2023 fiscal year, ending March 31, 2023. The company estimates a pre-tax net investment income between $0.64 and $0.65 per share, with net investment income slightly lower, estimated at $0.63 to $0.64 per share. The preliminary net asset value per share is estimated to be between $16.30 and $16.40. Additionally, regulatory leverage is estimated to be in the range of 0.86x to 0.90x debt-to-equity. As an internally managed business development company, Capital Southwest focuses on providing flexible financing solutions for middle-market businesses.
Capital Southwest Corporation (Nasdaq: CSWC) announced that Moody’s Investors Service has assigned it a Baa3 long-term issuer rating with a stable outlook. This rating reflects the company's robust capitalization, strong recurring earnings, and a first-lien focused investment portfolio. Moody’s expects the company will maintain sufficient liquidity and adhere to its regulatory leverage targets. CEO Bowen Diehl expressed pride in this validation of their investment strategy and credit management.
As of December 31, 2022, Capital Southwest maintained approximately $1.2 billion in investments at fair value, indicating its strong position in the middle market financing sector.
Capital Southwest Corporation (CSWC), a business development company, announced the federal income tax treatment of its 2022 dividends, totaling $2.18 per share, entirely comprised of ordinary income. This includes net short-term capital gains. The dividends, with a record date of March 15, 2022, and a payment date of March 31, 2022, show that 89.74% are interest-related and short-term capital gains, exempting non-U.S. residents from U.S. withholding tax. The tax characteristics of the dividends can be found on their website for further transparency.
Capital Southwest Corporation (CSWC) reported a Pre-Tax Net Investment Income of $0.60 per share for the quarter ended December 31, 2022. The total investment portfolio reached $1.2 billion, with a credit portfolio of $990.3 million, primarily in 1st Lien Senior Secured Debt. The company generated $32.8 million in total investment income, an increase from $26.8 million in the previous quarter. CSWC's total dividends for the quarter amounted to $0.57 per share. Newly committed investments totaled $160.5 million, while net realized and unrealized depreciation reached $16.4 million.
The company’s stockholders can anticipate a regular dividend of $0.53 per share and a supplemental dividend of $0.05 per share for the next quarter.
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