Capital Southwest Announces $0.11 per Share Dividend for Quarter Ended September 30, 2016
OREANDA-NEWS. September 02, 2016. Capital Southwest Corporation (“Capital Southwest” or the “Company”) (Nasdaq:CSWC) today announced its Board of Directors has declared an \\$0.11 dividend per share, for the quarter ended September 30, 2016.
The Company’s dividend will be payable as follows:
September 30, 2016 Quarterly Dividend
|Amount Per Share:||\\$||0.11|
|Ex-Dividend Date:||September 13, 2016|
|Record Date:||September 15, 2016|
|Payment Date:||October 1, 2016|
When declaring dividends, the Board of Directors 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 publicly traded business development company, with approximately \\$273 million in net assets as of June 30, 2016. Capital Southwest is a credit investment firm focused on supporting the acquisition and growth of middle market businesses with \\$5 to \\$20 million investments across the capital structure, including first lien, unitranche, second lien and subordinated debt, as well as non-control equity co-investments. Since Capital Southwest's formation in 1961, it has always sought to invest in companies with strong management teams and sound financial performance. As a public company with a permanent capital base, Capital Southwest is fortunate to have the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.