Capital Southwest Corp (CSWC): Raising PT As Dividend Increase Shows Strength of Cash Flows - JMP

JMP Securities analyst, Christopher York, reiterated his Market Outperform rating on shares of Capital Southwest Corp (NASDAQ: CSWC) and raised his price target to $21 from $20. after the company announced a 17% sequential increase in the dividend.

The analyst stated "a $0.05/share (17.2%) increase in the core dividend from $0.29/share in F1Q19 was not expected, and we
believe should be viewed very positively by investors. Shares now yield 7.0% on an annualized core dividend basis, and yield 9.1% when including the supplemental dividend".

For an analyst ratings summary and ratings history on Capital Southwest Corp click here. For more ratings news on Capital Southwest Corp click here.

Shares of Capital Southwest Corp closed at $19.30 yesterday.

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