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

Gladstone Investment Co. (NASDAQ:GAIN) announced a monthly dividend on Wednesday, January 15th,Wall Street Journal reports. Investors 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 dividend on an annualized basis 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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

GAIN traded up $0.20 during trading on Wednesday, hitting $13.14. 91,112 shares of the stock were exchanged, compared to its average volume of 131,665. Gladstone Investment has a 1 year low of $12.46 and a 1 year high of $14.85. The firm has a market cap of $482.09 million, a price-to-earnings ratio of 12.40 and a beta of 1.30. The firm has a 50 day simple moving average of $13.39 and a 200 day simple moving average of $13.52.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th. B. Riley boosted their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, November 11th.

About Gladstone Investment

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.