earnings
confidence high
sentiment positive
materiality 0.70
CSWC Q3 fiscal 2023 Pre-Tax NII $0.60/share; raises total dividend to $0.58
CAPITAL SOUTHWEST CORP
2023-Q3 EPS reported
$1.64
- Pre-tax net investment income of $18.7M ($0.60/share) vs $15.0M prior quarter; total investment income $32.8M.
- Total dividend for March quarter increased to $0.58/share ($0.53 regular + $0.05 supplemental), up from $0.57.
- NAV per share $16.25, down from $16.53 due to net unrealized losses of $16.4M on investments.
- Raised $104.3M equity in quarter (ATM + underwritten offering) at 109% of NAV; regulatory leverage reduced from 1.23x to 0.91x.
- Non-accruals remain low at 0.3% of portfolio; weighted average yield on debt investments is 12.0%.