Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) announced a dividend on Monday, April 21st, investing.com reports. Investors of record on Tuesday, April 22nd will be paid a dividend of 0.08 per share by the investment management company on Wednesday, April 30th. This represents a yield of 7.08%. The ex-dividend date is Monday, April 21st.
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 fall. Equities 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 Price Performance
NASDAQ GAIN traded down $0.03 during mid-day trading on Friday, reaching $13.87. The stock had a trading volume of 36,054 shares, compared to its average volume of 132,864. The stock has a market cap of $510.75 million, a PE ratio of 7.22 and a beta of 1.12. Gladstone Investment has a 1 year low of $11.42 and a 1 year high of $14.85. The company has a fifty day moving average price of $13.38 and a 200 day moving average price of $13.46.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. As a group, equities research analysts expect that Gladstone Investment will post 0.96 earnings per share for the current year.
About Gladstone Investment
(
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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.
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