Gladstone Investment Co. (GAIN) to Issue Monthly Dividend of $0.08 on November 29th

Gladstone Investment Co. (NASDAQ:GAIN) announced a monthly dividend on Friday, October 11th, Wall Street Journal reports. Shareholders of record on Wednesday, November 20th will be paid a dividend of 0.08 per share by the investment management company on Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 7.02%. The ex-dividend date 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. Equities 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 Price Performance

GAIN stock opened at $13.68 on Friday. Gladstone Investment has a 1-year low of $12.25 and a 1-year high of $14.96. The stock has a market capitalization of $501.91 million, a P/E ratio of 5.52 and a beta of 1.33. The business has a fifty day moving average price of $13.26 and a 200-day moving average price of $13.78.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. B. Riley dropped their target price on shares of Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, October 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.