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Mar 31, 2021
Capital Southwest Q4 2021 Earnings Report
Announced financial results for the fourth quarter and fiscal year ended March 31, 2021, and an increase in total dividends to $0.53 per share for the quarter ended June 30, 2021.
Key Takeaways
Capital Southwest reported a strong quarter with pre-tax net investment income of $0.44 per share and increased the regular dividend to $0.43 per share. The company experienced asset growth and portfolio performance, maintaining a portfolio with no non-accruals, and strengthened its balance sheet by raising nearly $90 million in additional unsecured debt and equity capital.
Total investment portfolio reached $688.4 million, with a credit portfolio of $572.6 million, 92% of which is 1st Lien Secured Debt.
Pre-Tax Net Investment Income was $8.9 million, or $0.44 per weighted average diluted share.
Total dividends for the quarter ended March 31, 2021, amounted to $0.52 per share, including a regular dividend of $0.42 per share and a supplemental dividend of $0.10 per share.
Net Realized and Unrealized Portfolio Appreciation totaled $2.6 million, with appreciation in both the equity and upper middle market debt portfolios.
Forward Guidance
The Board of Directors has increased total dividends to $0.53 per share for the quarter ending June 30, 2021, by increasing the Regular Dividend to $0.43 per share and maintaining the Supplemental Dividend at $0.10 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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