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

Gladstone Investment Co. (NASDAQ:GAIN) announced a monthly dividend on Tuesday, April 8th, NASDAQ Dividends reports. Shareholders of record on Monday, April 21st will be paid a dividend of 0.08 per share by the investment management company on Wednesday, April 30th. This represents a $0.96 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend is Monday, April 21st.

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 fall. Equities analysts expect Gladstone Investment to earn $0.94 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 102.1%.

Gladstone Investment Stock Down 2.8 %

Shares of Gladstone Investment stock traded down $0.36 on Thursday, hitting $12.70. 185,379 shares of the company traded hands, compared to its average volume of 131,824. The company has a market cap of $467.83 million, a PE ratio of 6.61 and a beta of 1.12. The company has a 50-day moving average price of $13.37 and a 200 day moving average price of $13.49. Gladstone Investment has a 12-month low of $11.42 and a 12-month high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. Equities research analysts anticipate that Gladstone Investment will post 0.96 EPS for the current year.

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.