Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on August 18th

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, July 14th. Investors of record on Tuesday, August 18th will be given a dividend of 0.08 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, August 18th.

Gladstone Investment has raised its dividend by an average of 0.1%annually over the last three years. 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 decline. Equities research 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 Trading Up 0.3%

Shares of NASDAQ GAIN opened at $16.57 on Thursday. The stock has a market cap of $659.85 million, a price-to-earnings ratio of 3.53 and a beta of 0.78. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14. The company’s 50-day moving average price is $15.76 and its 200 day moving average price is $14.85.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Tuesday, May 12th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%.The business had revenue of $25.19 million for the quarter, compared to analyst estimates of $25.80 million. As a group, research analysts expect that Gladstone Investment will post 0.91 earnings per share for the current year.

About Gladstone Investment

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.