Gladstone Investment Corporation (NASDAQ:GAIN) Announces $0.08 Monthly Dividend

Gladstone Investment Corporation (NASDAQ:GAIN – Get Free Report) declared a monthly dividend on Tuesday, July 14th. Shareholders of record on Monday, September 21st will be paid a dividend of 0.08 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Monday, September 21st.

Gladstone Investment has increased its dividend payment by an average of 0.1%annually over the last three years. 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. Research analysts expect Gladstone Investment to earn $0.92 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 104.3%.

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Gladstone Investment Stock Performance

Gladstone Investment stock opened at $16.52 on Wednesday. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14. The stock has a market capitalization of $657.83 million, a P/E ratio of 3.52 and a beta of 0.78. The stock has a fifty day moving average of $15.76 and a 200-day moving average of $14.83.

Gladstone Investment (NASDAQ:GAIN – Get Free Report) last issued its earnings results on Tuesday, May 12th. The investment management company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $25.19 million for the quarter, compared to analyst estimates of $25.80 million. Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%. On average, research analysts forecast that Gladstone Investment will post 0.91 earnings per share for the current year.

Gladstone Investment Company Profile

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Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.

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