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

Gladstone Investment Co. (NASDAQ:GAINGet Free Report) announced a monthly dividend on Tuesday, July 9th, Zacks reports. Investors of record on Monday, July 22nd will be paid a dividend of 0.08 per share by the investment management company on Wednesday, July 31st. This represents a $0.96 annualized dividend and a yield of 6.81%. The ex-dividend date is Monday, July 22nd.

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. Research analysts expect Gladstone Investment to earn $1.05 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 91.4%.

Gladstone Investment Trading Up 1.2 %

Shares of GAIN stock opened at $14.09 on Thursday. Gladstone Investment has a 12-month low of $12.14 and a 12-month high of $14.96. The firm’s 50 day moving average is $14.06 and its 200 day moving average is $14.13. The stock has a market capitalization of $516.96 million, a P/E ratio of 5.68 and a beta of 1.32.

Gladstone Investment (NASDAQ:GAINGet Free Report) last issued its earnings results on Wednesday, May 8th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $23.65 million during the quarter, compared to analysts’ expectations of $22.94 million. Gladstone Investment had a return on equity of 7.33% and a net margin of 97.71%. As a group, equities analysts predict that Gladstone Investment will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GAIN shares. B. Riley reiterated a “neutral” rating and set a $14.00 price target (up previously from $13.50) on shares of Gladstone Investment in a research note on Friday, May 10th. LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $14.00 price target on shares of Gladstone Investment in a research note on Thursday, May 9th.

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About Gladstone Investment

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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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Dividend History for Gladstone Investment (NASDAQ:GAIN)

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