Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) announced a monthly dividend on Thursday, January 16th,Wall Street Journal reports. Shareholders 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 yield of 7.23%. 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 $0.94 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 Trading Up 1.1 %
Shares of GAIN stock traded up $0.14 on Thursday, reaching $13.28. 67,335 shares of the company's stock were exchanged, compared to its average volume of 125,881. The company's fifty day simple moving average is $13.38 and its 200 day simple moving average is $13.52. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.85. The stock has a market capitalization of $487.24 million, a PE ratio of 12.53 and a beta of 1.30.
Analysts Set New Price Targets
Several equities research analysts have weighed in on GAIN shares. StockNews.com upgraded Gladstone Investment from a "sell" rating to a "hold" rating in a report on Monday, November 11th. B. Riley raised 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.
Read Our Latest Analysis on GAIN
Gladstone Investment Company Profile
(
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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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