Capital Southwest reports Q1 EPS 63c, consensus 65c

Reports Q1 NAV per share $16.60. In commenting on the company’s results, Bowen Diehl, president and CEO, stated, “The June quarter was another strong quarter for Capital Southwest, with $108 million of originations. Our portfolio continued to perform well, producing $0.69 of pre-tax net investment income per share for the quarter, which more than earned both our $0.57 per share regular dividend and our $0.06 per share supplemental dividend paid for the quarter. In consideration of the strong performance of our portfolio, the Board of Directors has increased the regular quarterly dividend to $0.58 per share for the quarter ending September 30, 2024. Given the continued excess earnings being generated by our portfolio, our Board of Directors has also declared a supplemental dividend of $0.06 per share for the quarter ending September 30, 2024, resulting in total dividends for the quarter ending September 30, 2024 of $0.64 per share. While future dividend declarations are at the discretion of our Board of Directors, it is our intent to continue to distribute quarterly supplemental dividends for the foreseeable future while base rates remain materially above long-term historical averages and we have a meaningful UTI balance. Finally, we continued our capital raising track record during the quarter raising over $38 million on our Equity ATM Program and adding $50 million in new commitments to our SPV Credit Facility, all resulting in Capital Southwest’s balance sheet liquidity being at an all time high of $485 million.”