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

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Wednesday, April 9th, Wall Street Journal reports. Shareholders of record on Friday, June 20th will be paid a dividend of 0.08 per share by the investment management company on Monday, June 30th. This represents a $0.96 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend is Friday, June 20th.

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 tumble. 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 Up 11.0 %

NASDAQ GAIN opened at $13.06 on Thursday. Gladstone Investment has a fifty-two week low of $11.42 and a fifty-two week high of $14.85. The business has a fifty day moving average of $13.39 and a 200-day moving average of $13.50. The stock has a market cap of $481.09 million, a price-to-earnings ratio of 6.80 and a beta of 1.12.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results 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%. As a group, analysts anticipate that Gladstone Investment will post 0.96 EPS for the current year.

Gladstone Investment Company Profile

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.