Capital Southwest

Capital Southwest is a publiclyâ€“owned business development company with total assets of $496 million as of June 30, 2010. We provide patient capital to exceptional businesses with significant growth potential. As a public company, we have the flexibility to hold investments indefinitely, which has provided the management teams of our holdings a stable ownership platform since we were founded in 1961.  We are not a private equity firm or a venture capital firm or a fund. Capital Southwest is a business development company with a refreshingly different investment mindset.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

CSWC reports strong Q1 2023 performance and navigates investment challenges

CSWC's Q1 2023 performance reflects robust growth and a strengthened balance sheet. While facing challenges related to rate hikes and downgraded investments, the company is well-positioned to capitalize on opportunities for NII expansion and maintaining a strong balance sheet. The outlook remains positive for the next quarter's update.

CSWC reports strong Q2 performance and anticipates solid portfolio growth

CSWC's Q2 2023 performance reflects strong financial results, with increased net investment income and total investment income. The company's robust asset base, strong credit rating, and flexible capital structure position it well for future growth. While challenges related to market volatility exist, CSWC sees opportunities for portfolio expansion and investment in high-quality deals.

Capital Southwest (CSWC) reports robust Q3 performance and strategic opportunities

Capital Southwest demonstrated strong financial performance and portfolio growth in Q3 2023, with a focus on dividend growth and maintaining a robust liquidity position.
Challenges in underwriting certain industries and navigating economic uncertainties require caution and adaptability in investment decisions.
Opportunities lie in investing in higher-quality companies, potential refinancing in 2024, and maintaining a sustainable dividend payout for investors.

Capital Southwest reports robust Q4 earnings and strategic growth outlook

Capital Southwest delivered strong financial results, showcasing growth in portfolio value and investment income, supported by a prudent dividend policy and strategic acquisitions.
While facing challenges such as interest rate fluctuations and portfolio quality concerns, the company remains well-positioned to capitalize on opportunities for NII expansion and credit rating enhancement.
By maintaining a focus on lower middle market lending and proactive balance sheet management, Capital Southwest aims to navigate uncertainties and drive sustainable growth in the upcoming quarters.
The earnings call highlighted the company's commitment to financial stability, dividend consistency, and strategic decision-making, reinforcing investor confidence in its long-term prospects.

Capital Southwest reports strong Q1 performance and growth opportunities

Capital Southwest's Q1 2024 performance showcased growth in net investment income, portfolio, and balance sheet strength.
Despite challenges in regulatory leverage and dividend distribution, the company's strong track record and credit rating position it well.
Opportunities lie in strategic investments, market expansion, and optimizing capital structure for sustained growth.
Overall, Capital Southwest's performance reflects resilience, stability, and a focus on value creation in a competitive landscape.

Capital Southwest reports strong Q2 earnings and growth opportunities

Capital Southwest delivered strong financial performance with increased income and dividend payouts.
While facing challenges such as downgraded companies and restructuring, the company remains optimistic about future prospects.
Opportunities lie in growth potential, balance sheet improvement, and enhanced income generation through portfolio yield increases.
Overall, Capital Southwest's strategic focus on lending and solid portfolio performance positions it well for future success.

Capital Southwest (CSWC) reports robust Q3 performance and growth outlook

Capital Southwest delivered a strong Q3 performance with notable increases in income metrics and NAV per share, reflecting operational excellence and financial strength.
Despite challenges from increased M&A activity and market competition, the company's focus on balance sheet strength, dividend growth, and strategic financing positions it well for future growth.
Opportunities lie in expanding commitments, stable spreads, optimizing capital structure, and leveraging PIK income for enhanced returns, signaling a positive outlook for Capital Southwest.
Analyst questions addressed key areas of concern, including M&A trends, credit quality, leverage targets, and dividend outlook, providing insights into the company's strategic direction and financial health.

Capital Southwest (CSWC) posts robust Q4 performance amidst market challenges

Capital Southwest (CSWC) delivered strong financial results in Q4 2024, marked by portfolio growth, increased dividends, and successful capital raising activities. While facing challenges in a competitive market environment, the company maintains a focus on conservative leverage and operational efficiency. Looking ahead, opportunities lie in strategic partnerships and organic growth initiatives.

Capital Southwest reports robust Q1 performance and strategic growth outlook

Capital Southwest's Q1 2025 performance reflects strong income generation, active portfolio management, and robust capital raising capabilities.
The company's strengths lie in its conservative financial approach, consistent dividend growth, and exposure to equity upside for shareholders.
While facing challenges in balancing risk management and potential returns, Capital Southwest has opportunities for portfolio expansion, market positioning, and capital protection.
Investors should note the company's solid performance, financial stability, and strategic positioning for long-term growth and value creation.

Capital Southwest reports robust Q2 performance amidst competitive lending landscape

Capital Southwest delivered strong performance in Q2 2025, navigating challenges from competitive lending environments. The company's strategic focus on dividend growth, credit performance, and capital access positions it well for future growth and investment opportunities.

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EPR Properties

Dividend investing is often a forgotten but highly profitable form of retirement saving. We get divided further into dividend growth and income investing.

High Yields Today, Dividend Growth Tomorrow

Capital Southwest is a well-run internally managed BDC that has delivered strong risk-adjusted returns for shareholders since its inception. It continues to make progress towards lowering its cost structure as a percent of total assets, thereby ensuring more capital flows to shareholders.

How Capital Southwest Pays You A 10% Regular Yield While Trading At A Premium

Capital Southwest (NASDAQ:CSWC ) Q1 2023 Earnings Conference Call August 2, 2022 11:00 AM ET Company Participants Chris Rehberger - Vice President, Finance Bowen Diehl - Chief Executive Officer Michael Sarner - Chief Financial Officer Conference Call Participants Kevin Fultz - JMP Securities Mickey Schleien - Ladenburg Kyle Joseph - Jefferies Robert Dodd - Raymond James Operator Thank you for joining today's Capital Southwest First Quarter Fiscal Year 2023 Earnings Call. Participating on the call today are Bowen Diehl, CEO; Michael Sarner, CFO; and Chris Rehberger, VP Finance.

Capital Southwest (CSWC) CEO Bowen Diehl on Q1 2023 Results - Earnings Call Transcript

Capital Southwest (CSWC) delivered earnings and revenue surprises of 2.08% and 0.81%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Capital Southwest (CSWC) Tops Q1 Earnings and Revenue Estimates

CSWC Reports Pre-Tax Net Investment Income of $0.50 Per Share for Quarter Ended June 30, 2022 and Announces Increase in Quarterly Dividend to $0.50 per share for the Quarter Ended September 30, 2022 CSWC Reports Pre-Tax Net Investment Income of $0.50 Per Share for Quarter Ended June 30, 2022 and Announces Increase in Quarterly Dividend to $0.50 per share for the Quarter Ended September 30, 2022

Capital Southwest Announces Financial Results for First Fiscal Quarter Ended June 30, 2022

Apollo Investment

Ares Capital

Blackstone Secured Lending Fund

TCG BDC

Fidus Investment

FS KKR Capital Corp

Gladstone Investment

Golub Capital BDC

Gladstone Capital

Goldman Sachs BDC

Hercules Capital

Main Street Capital

Monroe Capital

Oaktree Specialty Lending

Owl Rock Capital Corp

PennantPark Floating Rate Capital

PennantPark Investment

Prospect Capital

TCP Capital

Triplepoint Venture Growth BDC

Sixth Street Specialty Lending

This should be excellent timing for a discussion of investment grade (“IG”) notes/bonds for lower-risk investors that do not mind lower yields/returns. These notes were previously overpriced, but prices have declined and are now at attractive levels, most of which are yielding between 5% and 8%.

Recession Proofing With Investment Grade Bonds

Capital Southwest is a well-run business development company with a long history in the credit industry. The portfolio is weighted towards highly secured debt investments.

Capital Southwest BDC: Generate Sustainable 10.3% Passive Income

Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, August 2, 2022 Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, August 2, 2022

Capital Southwest Announces First Quarter 2023 Earnings Release and Conference Call Schedule

Capital Southwest is a BDC with a regular history of raising its regular dividend over time. The BDC had also been pumping out a supplemental dividend for several years and regularly issued special dividends.

Capital Southwest: BDC Growing Its Dividend, But A Bit Richly Valued

CSWC yields 10.67%, plus 4% for its trailing supplemental dividends. It will benefit from rising interest rates - its net income/share is set to increase as rates increase.

Capital Southwest: 11% Yield, Benefits From Rising Rates, 28% Dividend Growth

AFC Gamma

Interest rates are rising, and despite chatter that the Federal Reserve may pause in the fall, that will depend on when inflation decides to pause.

These 6 ‘Strong Buy' Business Development Companies Pay Massive Dividends

Capital Southwest (NASDAQ:CSWC ) Q4 2022 Earnings Conference Call May 24, 2022 11:00 AM ET Company Participants Chris Rehberger - Vice President of Finance Bowen Diehl - Chief Executive Officer Michael Sarner - Chief Financial Officer Conference Call Participants Mickey Schleien - Ladenburg Kevin Fultz - JMP Securities Kyle Joseph - Jefferies Bryce Rowe - Hovde Robert Dodd - Raymond James Operator Thank you for joining today's Capital Southwest Fourth Quarter and Fiscal Year 2022 Earnings Call. Participating on the call today are Bowen Diehl, CEO; Michael Sarner, CFO; and Chris Rehberger, VP Finance.

Capital Southwest (CSWC) CEO Bowen Diehl on Q4 2022 Results - Earnings Call Transcript

Capital Southwest (CSWC) delivered earnings and revenue surprises of 4.17% and 2.19%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Capital Southwest (CSWC) Q4 Earnings Top Estimates

CSWC Reports Pre-Tax Net Investment Income of $0.50 Per Share for the Quarter Ended March 31, 2022 CSWC Reports Pre-Tax Net Investment Income of $0.50 Per Share for the Quarter Ended March 31, 2022

Capital Southwest Announces Financial Results for Fourth Quarter and Fiscal Year Ended March 31, 2022

DALLAS, May 11, 2022 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an amendment to its senior secured credit facility (the “Credit Facility”). The amendment increased the total commitments from $335 million to $380 million and changed the benchmark interest rate from LIBOR to Term SOFR. The $45 million increase in total commitments was provided by the existing lender group, which consists of ten participants.

Capital Southwest Increases Credit Facility to $380 million

Great Elm Capital

Newtek Business Services

Bjusiness development companies offer generous yields because they're required to distribute substantially all of their earnings to shareholders. BDCs receive favorable tax treatment, and in return, they aren't allowed to retain earnings in the same way other companies are.

3 Business Development Companies With Dividend Yields Over 8%

DALLAS, April 27, 2022 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” the “Company” or “we”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its Board of Directors (the “Board”) has declared a quarterly regular dividend of $0.48 per share and a special dividend of $0.15 per share for the quarter ended June 30, 2022.

Capital Southwest Announces Quarterly Regular Dividend of $0.48 per Share and a Special Dividend of $0.15 per Share for the Quarter Ended June 30, 2022

Arbor Realty Trust

There are some reliable 8%-yielding dividend stocks out there to be found for those willing to do their homework. For high-yield stocks, perhaps even more than for the average stock, it is necessary to focus on three qualities that set high-quality companies apart from low-quality ones.

8% Yielding Dividend Stocks For Reliable High Income

Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, May 24, 2022 Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, May 24, 2022

Capital Southwest Announces Fourth Quarter and Fiscal Year 2022 Earnings Release and Conference Call Schedule

Interest rates are finally starting to rise and this article discusses a sector that will benefit.

Positioning For Higher Interest Rates With 10.1% Yielding Southwest Capital

We take a look at the action in BDCs through the first week of February and highlight some of the key themes we are watching. The BDC sector has bounced back this week with the rise in short-end Treasury yields as well as stocks.

BDC Sector Market Review: Key Themes Of This Earnings Season

Capital Southwest has a five-year dividend growth rate of 12.62%, including its long history of supplemental and special dividends. It currently yields 7.36%, and mgt. is looking to raise dividends again later in 2022.

Capital Southwest: Rare 12% Dividend Growth BDC, 7%-Plus Yield

DALLAS, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today the tax treatment of its 2021 dividends.

Capital Southwest Announces Federal Tax Treatment of 2021 Dividends

Southwest Airlines

Capital Southwest (CSWC) CEO Bowen Diehl on Q3 2022 Results - Earnings Call Transcript

CSWC Reports Pre-Tax Net Investment Income of $0.51 Per Share for Quarter Ended December 31, 2021 CSWC Reports Pre-Tax Net Investment Income of $0.51 Per Share for Quarter Ended December 31, 2021

Capital Southwest Announces Financial Results for Third Fiscal Quarter Ended December 31, 2021 and Announces Increase in Quarterly Dividend to $0.48 per share for the Quarter Ended March 31, 2022

News for Capital Southwest Stock (CSWC)