Gladstone Investment Co. (NASDAQ:GAIN) Announces Monthly Dividend of $0.08

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Friday, October 11th, Wall Street Journal reports. Stockholders of record on Wednesday, November 20th will be given a dividend of 0.08 per share by the investment management company on Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date of this dividend is Wednesday, November 20th.

Gladstone Investment has a dividend payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Investment to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 99.0%.

Gladstone Investment Trading Up 1.0 %

Gladstone Investment stock opened at $13.68 on Friday. Gladstone Investment has a 12-month low of $12.25 and a 12-month high of $14.96. The firm has a market capitalization of $501.91 million, a price-to-earnings ratio of 5.52 and a beta of 1.33. The firm has a 50 day moving average of $13.26 and a 200 day moving average of $13.78.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Monday, August 5th. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Gladstone Investment had a net margin of 78.48% and a return on equity of 7.20%. The firm had revenue of $22.18 million for the quarter, compared to analysts’ expectations of $24.27 million. During the same quarter last year, the firm posted $0.25 EPS. On average, analysts predict that Gladstone Investment will post 1 EPS for the current year.

Wall Street Analysts Forecast Growth

GAIN has been the subject of a number of recent analyst reports. StockNews.com raised Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. B. Riley dropped their price target on Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th.

Gladstone Investment Company Profile

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.