Gladstone Investment Corporation (GAIN) to Distribute Monthly Dividend of $0.08 on September 30th

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, July 14th. Investors of record on Monday, September 21st will be paid a dividend of 0.08 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Monday, September 21st.

Gladstone Investment has increased its dividend by an average of 0.1%annually over the last three years. 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. Equities research analysts expect Gladstone Investment to earn $1.00 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 96.0%.

Gladstone Investment Price Performance

NASDAQ:GAIN opened at $15.86 on Friday. The firm has a market cap of $631.55 million, a price-to-earnings ratio of 3.79 and a beta of 0.77. The firm’s fifty day moving average price is $16.34 and its 200 day moving average price is $15.64. Gladstone Investment has a 1-year low of $13.11 and a 1-year high of $17.14.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Thursday, August 6th. The investment management company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $28.36 million during the quarter, compared to the consensus estimate of $25.75 million. Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%. As a group, analysts expect that Gladstone Investment will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GAIN shares. Wall Street Zen downgraded shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Zacks Research raised Gladstone Investment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings cut Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.75.

Gladstone Investment Company Profile

Gladstone Investment Corporation (NASDAQ: GAIN) is a business development company that provides financing and equity capital to established lower middle-market businesses in the United States. The company invests in companies across a range of industries and generally seeks businesses with stable operations, experienced management teams and opportunities for growth or operational improvement.

Gladstone Investment’s activities include originating and investing in secured debt, subordinated debt and equity securities.