Capital Southwest (CSWC) increases dividend 1.9%

Capital Southwest (NASDAQ:CSWC) just reported double beats on its fiscal 2023 third quarter earnings with a quarterly per share cash dividend payout of $0.53 declared. This was a 1.9% increase from the prior payout for a yield of 10.7%. Against a 14% year-to-date increase of its commons, the business development company (“BDC”) has now maintained its forward annualized cash dividend yield at double digits. This yield was boosted further with a supplemental cash dividend payment of $0.05 per share for an aggregate dividend payment of $0.58 per share for the quarter.

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