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

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Thursday, April 10th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 7.56%. The ex-dividend date is Friday, June 20th.

Gladstone Investment has a 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 Down 2.8 %

NASDAQ:GAIN opened at $12.70 on Friday. Gladstone Investment has a 52 week low of $11.42 and a 52 week high of $14.85. The stock’s fifty day moving average is $13.37 and its two-hundred day moving average is $13.49. The company has a market capitalization of $467.83 million, a P/E ratio of 6.61 and a beta of 1.12.

Gladstone Investment (NASDAQ:GAIN) last announced its 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%. Sell-side analysts anticipate that Gladstone Investment will post 0.96 earnings per share for the current fiscal 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.