Capital Southwest Q4 2024 Earnings Report
Key Takeaways
Capital Southwest Corporation reported strong fourth-quarter results with a total investment portfolio of $1.5 billion. The company declared total dividends of $0.63 per share for the quarter ending June 30, 2024, and pre-tax net investment income of $0.68 per share for the quarter ended March 31, 2024.
Total investment portfolio reached $1.5 billion.
Pre-tax net investment income was $0.68 per share.
Total dividends were $0.63 per share for the quarter ending June 30, 2024.
Net asset value per share remained flat at $16.77.
Capital Southwest
Capital Southwest
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 June 30, 2024 quarter. The company intends to continue distributing quarterly supplemental dividends while base rates remain materially above long-term historical averages and they have a meaningful UTI balance.
Positive Outlook
- Strong portfolio performance.
- Continued excess earnings from floating rate debt portfolio.
- Regular quarterly dividend of $0.57 per share declared for the June 30, 2024 quarter.
- Supplemental dividend of $0.06 per share declared for the June 30, 2024 quarter.
- Intent to continue distributing quarterly supplemental dividends.