Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Tuesday, October 9th, NASDAQ reports. Shareholders of record on Friday, October 19th will be given a dividend of 0.068 per share by the investment management company on Wednesday, October 31st. This represents a $0.82 annualized dividend and a yield of 7.73%. The ex-dividend date is Thursday, October 18th.
Gladstone Investment has increased its dividend by an average of 2.1% per year over the last three years and has raised its dividend every year for the last 5 years. Gladstone Investment has a dividend payout ratio of 105.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Gladstone Investment to earn $0.82 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 97.6%.
GAIN stock opened at $10.56 on Friday. Gladstone Investment has a 1-year low of $9.00 and a 1-year high of $12.26. The firm has a market capitalization of $375.16 million, a price-to-earnings ratio of 12.88 and a beta of 0.53.
Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Wednesday, August 1st. The investment management company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Gladstone Investment had a return on equity of 7.64% and a net margin of 140.89%. The business had revenue of $15.50 million for the quarter, compared to analysts’ expectations of $15.16 million. As a group, equities analysts expect that Gladstone Investment will post 0.76 EPS for the current year.
Several research analysts have weighed in on GAIN shares. Zacks Investment Research raised Gladstone Investment from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Tuesday, August 7th. BidaskClub raised Gladstone Investment from a “hold” rating to a “buy” rating in a research report on Saturday, June 16th. Finally, ValuEngine cut Gladstone Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.33.
About Gladstone Investment
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. The fund does not invest in start-ups. It seeks to invest in small and mid-sized companies based in the United States.
Recommended Story: S&P 500 Index
Receive News & Ratings for Gladstone Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Investment and related companies with MarketBeat.com's FREE daily email newsletter.