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

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Earnings data Q3 2022

Earnings data Q4 2022

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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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DALLAS, Nov. 15, 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 Hidden Harbor Capital Partner's (“Hidden Harbor”) refinancing of Air Conditioning Specialist, Inc. (“ACS” or the “Company”) with a senior secured first lien term loan and a minority equity co-investment. Capital Southwest led the financing and will act as the sole administrative agent on the facility.

Capital Southwest Supports Hidden Harbor's Investment in Air Conditioning Specialist, Inc.

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We take a look at the action in BDCs through the first week of November and highlight some of the key themes we are seeing. The BDC sector delivered a strong 1% return over the first week of November reflecting upbeat earnings reports.

BDC Weekly Market Review: A Busy Earnings Week Reinforces Key Themes

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ATCO vs. CSWC: Which Stock Should Value Investors Buy Now?

CSWC just reported earnings this week. Its trailing dividend yield is 9.47%.

Capital Southwest: 9.5% Yield, Third Straight Dividend Hike, Plus $.50 Special

DALLAS, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (NASDAQ: CSWC) (“Capital Southwest” or the “Company”) is pleased to announce that it has priced an underwritten public offering of an additional $50 million in aggregate principal amount of 3.375% notes due 2026 (the “Notes”). The Notes will be issued at a price of 99.993% of the aggregate principal amount of the Notes.

Capital Southwest Corporation Prices Public Offering of Additional $50 million of 3.375% Notes due 2026

Southwest Airlines

Capital Southwest (CSWC) CEO Bowen Diehl on Q2 2022 Results - Earnings Call Transcript

Capital Southwest (CSWC) delivered earnings and revenue surprises of -2.27% and 3.03%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Capital Southwest (CSWC) Q2 Earnings Lag Estimates

CSWC Reports Pre-Tax Net Investment Income of $0.45 Per Share for Quarter Ended September 30, 2021 and Affirms $0.97 Total Dividends to be paid for the Quarter Ended December 31, 2021 CSWC Reports Pre-Tax Net Investment Income of $0.45 Per Share for Quarter Ended September 30, 2021 and Affirms $0.97 Total Dividends to be paid for the Quarter Ended December 31, 2021

Capital Southwest Announces Financial Results for Second Fiscal Quarter Ended September 30, 2021

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.

Earnings Preview: Capital Southwest (CSWC) Q2 Earnings Expected to Decline

Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, November 2, 2021 Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, November 2, 2021

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

DALLAS, Oct. 14, 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 recently supported DFW Capital Partners (“DFW”) in its investment in Industrial Security Integrators (“IsI”) with a revolving credit facility, first lien term loan, and a minority equity co-investment. Capital Southwest led the financing and will act as the sole administrative agent.

Capital Southwest Supports DFW Capital Partners' Investment in Industrial Security Integrators

Saratoga Investment

Today, you can have your cake and eat it too. Rare opportunities to have both dividend growth and high-yields are times to bring your bucket, not your thimble.

High-Yield Or Dividend Growth? 2 Soaring And Growing Dividends

Capital Southwest is a fast-growing BDC with a strong track record of shareholder returns. Its operating leverage continues to improve and it maintains a safe investment profile.

Capital Southwest Stock: Are You Putting Cash To Work?

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Congress is currently debating and negotiating a bill that would raise corporate tax rates from 21% to 26.5% (or 25% if certain moderate senators have their way). This would hurt most companies by incrementally raising their effective tax rates.

Rising Corporate Tax Rates? These 3 High-Yield Stocks Are Unaffected

This is part of a series of articles discussing "Level 1" dividend coverage BDCs with higher potential for dividend growth and/or supplemental and special dividends. CSWC remains a "Level 1" and I'm expecting additional increases in the regular dividend plus continued supplemental/special dividends for the reasons discussed in this article.

Excellent Dividend Growth Stock Currently Yielding 9.1%: Capital Southwest

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This article series covers dividend changes. A table with relevant data and key statistics of dividend increases is provided.

Dividend Increases: August 28-September 10, 2021

DALLAS, Sept. 08, 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 recently supported Eden Capital′s (“Eden”) acquisition of Wall Street Prep, Inc. (“WSP”) with a revolving credit facility, first lien term loan, and a minority equity co-investment. Capital Southwest led the financing and will act as the sole administrative agent. Main Street Capital Corporation also participated in the investment.

Capital Southwest Supports Eden Capital's Acquisition of Wall Street Prep Inc.

DALLAS, Sept. 02, 2021 (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 increased the quarterly regular dividend to $0.47 per share for the quarter ended December 31, 2021.   In addition, the Board has decided to accelerate expected future payments under the supplemental dividend program and declared a final supplemental dividend of $0.50 per share.

Capital Southwest Announces Increase in Quarterly Regular Dividend to $0.47 per Share and a Supplemental Dividend of $0.50 per Share for the Quarter Ended December 31, 2021

DALLAS, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (NASDAQ: CSWC) (“Capital Southwest”, “we”, “us” and “our”) is pleased to announce that it has priced an underwritten public offering of $100 million in aggregate principal amount of 3.375% notes due 2026 (the “Notes”). The Notes will bear interest at a rate of 3.375% per year, payable semi-annually, will mature on October 1, 2026 and may be redeemed in whole or in part at Capital Southwest's option at any time prior to July 1, 2026, at par plus a “make-whole” premium, and thereafter at par. The Notes will be issued at a price of 99.418% of the aggregate principal amount of the Notes, resulting in a yield-to-maturity of 3.5%. The offering is subject to customary closing conditions and is expected to close on August 27, 2021.

Capital Southwest Corporation Prices Public Offering of $100 million 3.375% Notes due 2026

DALLAS, Aug. 16, 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 recently supported Kainos Capital (“Kainos”) in its acquisition of Muenster Milling (“Muenster”) with a revolving credit facility, first lien term loan and delayed draw term loan. Capital Southwest led the financing and will act as the sole administrative agent.

Capital Southwest Supports Kainos Capital's Acquisition of Muenster Milling

CSWC had strong Q2 earnings - Total Investment Income rose 22%, Net Investment Income rose 32%, NAV/share rose 11%.

Capital Southwest: 8% Yield, Strong Q2 Earnings

DALLAS, Aug. 11, 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 an Altamont Capital Partners (“Altamont”) portfolio company, Hybrid Apparel (“Hybrid”, or the “Company”) in its acquisition of Air Waves with a split lien term loan. Capital Southwest led the financing and will act as the sole administrative agent on the credit facility. Main Street Capital Corporation is also a lender in the split lien term loan.

Capital Southwest Supports Hybrid Apparel's Acquisition of Air Waves

DALLAS, Aug. 09, 2021 (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 an amendment to its senior secured credit facility (the “Credit Facility”). The amendment reduced the interest rate on borrowings to LIBOR plus 2.15% from LIBOR plus 2.50%, increased the advance rate on unquoted first lien assets to 70% from 65%, and increased the Company's allowable share repurchases by $20 million during the availability period, among other things. The end of the Credit Facility's revolving period was extended from December 21, 2022 to August 9, 2025; and the final maturity was extended from December 21, 2023 to August 9, 2026.

Capital Southwest Announces Amendment to Credit Facility

CSWC is an internally-managed business development company that has a stellar track record and several dividend hikes recently.

8.3% Yield, 3 Dividend Hikes In A Row, Strong Buy: Capital Southwest

Annaly Capital

When your income can double itself in a short time, that's exciting.

News for Capital Southwest Stock (CSWC)