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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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

Apollo Investment

Ares Capital

FS KKR Capital Corp

Oaktree Specialty Lending

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

Main Street Capital

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

TCG BDC

Fidus Investment

Gladstone Capital

TCP 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

Popular in certain niche investment circles, this big-dividend BDC remains a hidden gem for others.

Capital Southwest: 40 Big-Dividend BDCs Compared

Capital Southwest (CSWC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Capital Southwest (CSWC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, February 1, 2022 Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, February 1, 2022

Capital Southwest Announces Third Quarter 2022 Earnings Release and Conference Call Schedule

DALLAS, Jan. 06, 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, announced today that it backed Culper Capital Partners' (“Culper”) investment in The Producto Group (“Producto” or the “Company”) with a senior secured first lien term loan and a minority investment in the common equity. The Producto Group is formed by the acquisition of Ring Precision Components, New Vision Industries, and Dieco. Capital Southwest led the financing and will act as the sole administrative agent on the facility.

Capital Southwest Supports Culper Capital's Investment in The Producto Group

ATLAS CORP

ATCO vs. CSWC: Which Stock Is the Better Value Option?

ATCO or CSWC: Which Is the Better Value Stock Right Now?

DALLAS, Dec. 22, 2021 (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, announced today that it backed Xyresic Capital's (“Xyresic”) acquisition of Tele-Town Hall LLC (“TTH” or the “Company”) with a senior secured first lien term loan and a second lien term loan.  Capital Southwest led the financing and will act as the sole administrative agent on the facility.

Capital Southwest Supports Xyresic's Investment in Tele-Town Hall, LLC

Capital Southwest is an excellent investment for retail value investors. Our reservations have to do with the company diluting shareholders to finance its debt. Capital Southwest is a Business Development Corporation lending at high-interest rates and fees to speculative, riskier companies. With business improving, we expect greater profits and returns from Capital.

Capital Southwest Still An Excellent Investment

Enterprise Products Partners

Two excellent picks to end your year off right.

Santa Comes Early - Top Picks For December

Capital Southwest is an internally-managed BDC with similar attributes to Main Street Capital.

News for Capital Southwest Stock (CSWC)