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

Posted by Teresa Graham on Jan 16th, 2025

Gladstone Investment Co. (NASDAQ:GAIN – Get Free Report) announced a monthly dividend on Thursday, January 16th,Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be paid a dividend of 0.08 per share by the investment management company on Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 7.31%. The ex-dividend date is Wednesday, March 19th.

Gladstone Investment has a payout ratio of 91.4% meaning 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 $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Stock Performance

NASDAQ:GAIN opened at $13.14 on Thursday. The company has a 50-day moving average of $13.38 and a 200-day moving average of $13.52. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.85. The company has a market capitalization of $482.11 million, a price-to-earnings ratio of 12.40 and a beta of 1.30.

Analysts Set New Price Targets

A number of research firms have weighed in on GAIN. B. Riley lifted their price objective on Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, November 11th. StockNews.com upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

View Our Latest Stock Analysis on GAIN

Gladstone Investment Company Profile

(Get Free Report)

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.