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

by · The Cerbat Gem

Gladstone Investment Co. (NASDAQ:GAIN – Get Free Report) announced a monthly dividend on Monday, October 14th, Wall Street Journal reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.08 per share by the investment management company on Tuesday, December 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Friday, December 20th.

Gladstone Investment has a dividend 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. Equities analysts expect Gladstone Investment to earn $0.97 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 99.0%.

Gladstone Investment Stock Up 2.0 %

GAIN traded up $0.27 during trading on Monday, hitting $13.95. The company had a trading volume of 340,513 shares, compared to its average volume of 149,824. The company has a market capitalization of $511.81 million, a PE ratio of 5.52 and a beta of 1.33. The firm’s 50-day moving average price is $13.26 and its 200 day moving average price is $13.77. Gladstone Investment has a one year low of $12.25 and a one year high of $14.96.

Gladstone Investment (NASDAQ:GAIN – Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $22.18 million for the quarter, compared to the consensus estimate of $24.27 million. Gladstone Investment had a return on equity of 7.20% and a net margin of 78.48%. During the same quarter in the prior year, the company earned $0.25 EPS. Sell-side analysts forecast that Gladstone Investment will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, October 7th. B. Riley cut their target price on shares of Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

Read Our Latest Research Report on GAIN

Gladstone Investment Company Profile

(Get Free Report)

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.

Featured Articles