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

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Earnings data Q4 2022

Earnings data Q1 2023

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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

Income investing supercharges your portfolio to help you achieve your goals. I love a good underdog story, one of my favorites is told in "Moneyball." Two outstanding companies discussed below that deserve a spot on your income roster.

Retirement: Two +7% Yields To Send Your Income Soaring

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Columbia Seligman Premium Technology Growth Func Inc

Simplify Volatility Premium ETF

Cambria Shareholder Yield ETF

It is possible to build a high yield portfolio and substantially beat the market (S&P 500) on total return. Aggressive yield growth is possible for even a high yield portfolio. A quality high yield portfolio does not shrink but can grow your principal beyond inflation.

9% Yielding Portfolio To Crush The Market

Capital Southwest (NASDAQ:CSWC ) Q3 2023 Earnings Conference Call October 31, 2023 11:00 AM ET Company Participants Chris Rehberger - VP of Finance Bowen Diehl - President and CEO Michael Sarner - CFO Conference Call Participants Mickey Schleien - Ladenburg Thalmann Vilas Abraham - UBS Bryce Rowe - B. Riley Securities FBR Erik Zwick - Hovde Sean-Paul Adams - Raymond James Operator Thank you for joining today's Capital Southwest Second Quarter Fiscal Year 2024 Earnings Call.

Capital Southwest (CSWC) Q3 2023 Earnings Conference Call Transcript

Capital Southwest (CSWC) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.52 per share a year ago.

Capital Southwest (CSWC) Beats Q2 Earnings and Revenue Estimates

CSWC Reports Pre-Tax Net Investment Income of $0.67 Per Share for Quarter Ended September 30, 2023 CSWC Reports Pre-Tax Net Investment Income of $0.67 Per Share for Quarter Ended September 30, 2023

Capital Southwest Announces Financial Results for Second Fiscal Quarter Ended September 30, 2023 and Announces Increase in Total Dividends to $0.63 per share for the Quarter Ended December 31, 2023

Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, October 31, 2023 Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, October 31, 2023

Capital Southwest Announces Second Quarter 2024 Earnings Release and Conference Call Schedule

Capital Southwest has good dividend coverage and recently raised its dividend. Despite payments of supplemental dividends and regular dividend growth, the risk/reward ratio is no longer attractive. CSWC trades at a premium valuation, and passive income investors can buy better-priced BDCs with comparable yields and higher margins of safety.

Capital Southwest: This 10.6% Yielding BDC Is Now Overvalued (Downgrade)

AGNC Investment

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Mortgage REIT book values were slaughtered. BDC values were not. I'm including our Q3 2023 earnings and BV estimates for stocks chosen by readers. When interest rates rip higher, it is usually very bad for mortgage REITs.

The Devastation Of Book Value In Q3 2023

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Two stocks are at new highs with strong technical and fundamental performance. Both have outperformed the S&P 500 year to date.

These 2 Obscure Financials Hit New Highs

Arlington Asset Investment

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Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

Big Dividend Yields Going Higher, Dumb Debt, And Snark

This is a series of articles discussing retirement portfolios using BDCs currently yielding around 12% and their safer notes, baby bonds/preferred shares with yield-to-maturities ranging from 6% to 9%. CSWC is an internally managed BDC with a dividend yield of 10.7% and investment-grade notes with yields of almost 8%. We discuss the interest expense and asset coverage ratios for CSWC.

Capital Southwest: Stock Or Bonds For Your Retirement Portfolio?

Capital Southwest stock has outperformed the S&P 500 and its peers over the past year, brushing aside Wall Street's unfounded recession fears. CSWC has astutely leveraged its accretive ATM equity offerings to improve its balance sheet and reduced leverage. Despite its remarkable performance, CSWC remains attractively valued, as the broad BDC industry remains discounted.

Capital Southwest: What Recession? Outperforming BDC Trumps Wall Street's Fears

Rising interest rates benefit the BDC industry, as most BDCs have a majority of floating rate investments. Capital Southwest has seen a significant increase in cash interest investment income. CSWC has a strong dividend growth rate and has outperformed the BDC industry and financial sector.

Capital Southwest: 11% Yield, Strong Growth On Rising Rates

Barings BDC Inc

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We take a look at the action in business development companies through the last week of August and highlight some of the key themes we are watching. BDCs had a good week with a 2% total return and finished August with a small loss. Investors continue to worry about various types of dilution from BDC share issuance.

BDC Weekly Review: More Dilution Worries For BDC Investors

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The article provides insights on upcoming dividend increases, indicating strong business performance and commitment to rewarding shareholders. The list includes companies with at least five years of consistent dividend growth and higher total dividends paid out each year. The article also includes tables and metrics to help investors prioritize stocks based on yield, growth rates, and historical returns.

14 Upcoming Dividend Increases

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VanEck Vectors BDC Income ETF

Enterprise Products Partners

Kinder Morgan

National Retail Properties

Realty Income Corp

ONEOK

Spirit Realty Capital

Williams

There are great deals to be had among dividend stocks despite the tech-fueled market runup. All four picks in this article pay big, well-covered dividend yields to help investors make money while they sleep. They carry diversified and/or essential business models and are undervalued, resulting in potential for strong total returns in addition to income.

4 Hefty Dividends With Up To 10% Yield

Healthcare Realty Trust Inc

Every earnings season is like a new season of a TV show. You get all the information you're going to get for that season. This is the perfect time to spot-check your portfolio and make sure your income is as strong as you expect it to be. Don't let the tidbit of news that's blown up out of proportion between quarterly updates derail your mental thinking.

I Am Loading Up These 2 Big Yields

DALLAS, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (the “Company” or “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 upcoming Special Meeting of Shareholders (the “Special Meeting”) to be held virtually on October 11, 2023. Shareholders will soon be receiving a formal notice of the Special Meeting and a proxy statement outlining the proposals being considered for a shareholder vote.

Capital Southwest Announces Special Meeting of Shareholders

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REITs and BDCs are complementary assets that work well together in a dividend-focused portfolio. REITs are borrowers of debt, while BDCs are lenders of debt. Rising interest rates benefit BDCs and are a headwind for REITs, while falling interest rates have the opposite effect.

REITs Vs. BDCs: A Lesson In Contrarian Investing

During its recent earnings, Capital Southwest exceeded analysts' expectations, beating on NII and total investment income. CSWC elected to raise the dividend for the second time this year by 3.7% and declared a supplemental of $0.06 payable in September. CSWC has beaten both peers Main Street Capital and Ares Capital in price and total return over the last 5 and 10 years.

Higher For Longer Rates? No Problem.

Ares Capital Corp and Capital Southwest are both high yield Business Development Companies with strong track records of delivering attractive total returns. Both companies recently reported quarterly results. We compare ARCC and CSWC stocks side by side and offer our take on which is the better buy today.

Better High Yield Buy After Quarterly Results: Ares Capital Vs. Capital Southwest

Capital Southwest (NASDAQ:CSWC ) Q1 2024 Earnings Conference Call August 8, 2023 11:00 AM ET Company Participants Chris Rehberger - Vice President, Finance Bowen Diehl - Chief Executive Officer Michael Sarner - Chief Financial Officer Conference Call Participants Kyle Joseph - Jefferies Bryce Rowe - B. Riley Operator Thank you for joining today's Capital Southwest First Quarter Fiscal Year 2024 Earnings Call.

Capital Southwest (CSWC) Q1 2024 Earnings Call Transcript

News for Capital Southwest Stock (CSWC)