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Dec 31, 2023
Capital Southwest Q3 2024 Earnings Report
Announced financial results for the third fiscal quarter ended December 31, 2023 and total dividends of $0.63 per share for the quarter ended March 31, 2024.
Key Takeaways
Capital Southwest Corporation reported a strong quarter with $116 million of originations, pre-tax net investment income of $0.72 per share, and an increase in NAV per share to $16.77. The board declared a regular quarterly dividend of $0.57 per share and a supplemental dividend of $0.06 per share for the quarter ending March 31, 2024.
Total investment portfolio reached $1.4 billion, with a credit portfolio of $1.2 billion primarily in 1st lien senior secured debt.
Pre-tax net investment income was $29.8 million, or $0.72 per weighted average share outstanding.
Total dividends for the quarter ended December 31, 2023, amounted to $0.63 per share.
Net Asset Value (NAV) per share increased to $16.77 from $16.46, a 1.9% increase compared to the prior quarter.
Forward Guidance
The Board of Directors has declared a regular quarterly dividend of $0.57 per share and a supplemental dividend of $0.06 per share for the March 31, 2024 quarter, resulting in total dividends of $0.63 per share. The company intends to continue distributing quarterly supplemental dividends while base rates remain materially above long-term historical averages.
Positive Outlook
- Continued payment of quarterly supplemental dividends.
- Strong portfolio performance
Historical Earnings Impact
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Avg. Return Before/After Earnings
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