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

by · The Cerbat Gem

Gladstone Investment Co. (NASDAQ:GAIN – Get Free Report) announced a monthly dividend on Wednesday, January 15th,Wall Street Journal reports. Stockholders 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 dividend yield of 7.31%. The ex-dividend date is Wednesday, March 19th.

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 decline. Analysts expect Gladstone Investment to earn $0.92 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 104.3%.

Gladstone Investment Stock Performance

NASDAQ:GAIN traded up $0.20 during trading hours on Wednesday, reaching $13.14. The stock had a trading volume of 91,112 shares, compared to its average volume of 131,665. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.85. The company has a 50 day moving average price of $13.39 and a two-hundred day moving average price of $13.52. The stock has a market capitalization of $482.09 million, a PE ratio of 12.40 and a beta of 1.30.

Wall Street Analysts Forecast Growth

GAIN has been the topic of a number of recent research reports. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. B. Riley upped their target price on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, November 11th.

Check Out Our Latest Analysis on GAIN

About Gladstone Investment

(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.

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