The Capital Southwest Corporation (NASDAQ:CSWC) board of directors has declared a cash dividend in the amount of $2.75 per share of common stock. This special dividend is a yield of 2.5% based on the current stock price. The dividend is payable on March 28, 2013 to shareholders of record on March 15, 2013.
Capital Southwest Corporation is a public investment firm specializing in venture capital and private equity investments in small and medium sized businesses. CSWC has a market cap of $421 million and is cheaply valued with a trailing PE of only 6 compared to an industry average PE of 20.
Capital Southwest Corporation reported total net assets at December 31, 2012 of $628,089,815 equivalent to $165.36 per share. CSWC shares are currently trading at $111 which is a 49% discount to the NAV at year end.
Read full article: