Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) announced a monthly dividend on Wednesday, January 15th,Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be paid a dividend of 0.08 per share by the investment management company on Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 7.31%. The ex-dividend date is Wednesday, March 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 decline. 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%.
Gladstone Investment Stock Performance
NASDAQ:GAIN traded up $0.20 during trading hours on Wednesday, reaching $13.14. The stock had a trading volume of 91,112 shares, compared to its average volume of 131,665. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.85. The company has a 50 day moving average price of $13.39 and a two-hundred day moving average price of $13.52. The stock has a market capitalization of $482.09 million, a PE ratio of 12.40 and a beta of 1.30.
Wall Street Analysts Forecast Growth
GAIN has been the topic of a number of recent research reports. 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 target price on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a "neutral" rating in a research report on Monday, November 11th.
Check Out Our Latest Analysis on GAIN
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.
Further Reading
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