Capital Southwest Announces Increase in Regular Dividend to $0.54 per share and Supplemental Dividend of $0.05 per share for the Quarter Ending June 30, 2023
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.
- Regular dividend of $0.54 per share reflects strong financial health.
- Supplemental dividend of $0.05 per share indicates confidence in future earnings.
- Approximately $1.2 billion in investments suggests a robust investment portfolio.
- None.
DALLAS, April 26, 2023 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” the “Company” or “we”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, is pleased to announce that its Board of Directors has declared a regular dividend of
The Company’s dividends will be payable as follows:
| Regular Dividend | ||
| Amount Per Share: Ex-Dividend Date: Record Date: Payment Date: | June 14, 2023 June 15, 2023 June 30, 2023 | |
| Supplemental Dividend | ||
| Amount Per Share: Ex-Dividend Date: Record Date: Payment Date: | June 14, 2023 June 15, 2023 June 30, 2023 | |
When declaring dividends, the Board reviews estimates of taxable income available for distribution, which may differ from net investment income under generally accepted accounting principles. The final determination of taxable income for each year, as well as the tax attributes for dividends in such year, will be made after the close of the tax year.
Capital Southwest maintains a dividend reinvestment plan ("DRIP") that provides for the reinvestment of dividends on behalf of its registered stockholders who hold their shares with Capital Southwest’s transfer agent and registrar, American Stock Transfer and Trust Company. Under the DRIP, if the Company declares a dividend, registered stockholders who have opted in to the DRIP by the dividend record date will have their dividend automatically reinvested into additional shares of Capital Southwest common stock.
About Capital Southwest
Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately
Forward-Looking Statements
This press release contains historical information and forward-looking statements with respect to the business and investments of Capital Southwest. Forward-looking statements are statements that are not historical statements and can often be identified by words such as "will," "believe," "expect" and similar expressions and variations or negatives of these words. These statements are based on management's current expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks related to: changes in the markets in which Capital Southwest invests; changes in the financial, capital, and lending markets; changes in the interest rate environment and its impact on our business and our portfolio companies; regulatory changes; tax treatment; our ability to operate our wholly owned subsidiary, Capital Southwest SBIC I, LP, as a small business investment company; an economic downturn and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us; the impact of supply chain constraints and labor shortages on our portfolio companies; and the elevated levels of inflation and its impact on our portfolio companies and the industries in which we invests.
Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital Southwest's Annual Report on Form 10-K for the year ended March 31, 2022 and subsequent filings, including the "Risk Factors" sections therein, with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.
Investor Relations Contact:
Michael S. Sarner, Chief Financial Officer
214-884-3829
FAQ
What is the dividend amount declared by CSWC for June 2023?
When is the ex-dividend date for CSWC's June 2023 dividends?
What is the payment date for CSWC's declared dividends?
Is there a dividend reinvestment plan for CSWC shareholders?
