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

Gladstone Investment Co. (NASDAQ:GAIN) announced a monthly dividend on Tuesday, January 14th,NASDAQ Dividends reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.08 per share by the investment management company on Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend is Wednesday, February 19th.

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. Research 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 Performance

GAIN stock opened at $13.97 on Monday. The firm has a market cap of $512.56 million, a PE ratio of 13.18 and a beta of 1.30. Gladstone Investment has a one year low of $12.46 and a one year high of $14.85. The firm’s 50 day moving average price is $13.31 and its 200-day moving average price is $13.42.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%. Equities research analysts predict that Gladstone Investment will post 0.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on GAIN. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. B. Riley upped their price target on Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, November 11th.

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.