Business
Capital Southwest Announces Special Dividend of $0.75 Per Share
$1.25 Total Dividends declared for the quarter ended December 31, 2019 DALLAS, Nov. 25, 2019 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital
About this update from Capital Southwest Corporation
[{"type":"text","content":"$1.25 Total Dividends declared for the quarter ended December 31, 2019\nDALLAS, Nov. 25, 2019 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” “CSWC” 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, today announced its Board of Directors has declared a special dividend of $0.75 per share.\n The Company’s dividend will be payable as follows: Amount Per Share:$0.75Ex-Dividend Date:December 19, 2019Record Date:December 20, 2019Payment Date:December 31, 2019 This special dividend declared is in addition to the regular dividend of $0.40 per share and the supplemental dividend of $0.10 per share previously declared by the Board of Directors on November 4, 2019. All dividends declared have the same ex-dividend and record date and will be paid to shareholders on December 31, 2019. When declaring dividends, the Board of Directors reviews estimates of taxable income available for distribution, which may differ from net investment income under generally accepted accounting principles. The final determination of taxable income for each year, as well as the tax attributes for dividends in such year, will be made after the close of the tax year. Capital Southwest maintains a dividend reinvestment plan (\"DRIP\") that provides for the reinvestment of dividends on behalf of its registered stockholders who hold their shares with Capital Southwest’s transfer agent and registrar, American Stock Transfer and Trust Company. Under the DRIP, if the Company declares a dividend, registered stockholders who have opted in to the DRIP by the dividend record date will have their dividend automatically reinvested into additional shares of Capital Southwest common stock. About Capital Southwest Capital Southwest Corporation (Nasdaq:CSWC) is a Dallas, Texas-based, internally managed business development company, with approximately $328 million in net assets as of September 30, 2019. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $25 million investments across the capital structure, including first lien, unitranche, second lien, subordinated debt and non-control equity co-investments. As a p...