Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) declared a monthly dividend on Tuesday, January 14th, NASDAQ Dividends reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.08 per share by the investment management company on Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date of this dividend is Wednesday, February 19th.
Gladstone Investment has a 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 fall. Equities research 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
Shares of GAIN stock traded down $0.04 on Thursday, reaching $13.76. 129,065 shares of the company were exchanged, compared to its average volume of 120,571. Gladstone Investment has a one year low of $12.46 and a one year high of $14.85. The company has a market cap of $506.92 million, a price-to-earnings ratio of 7.17 and a beta of 1.30. The company has a 50-day moving average of $13.32 and a 200-day moving average of $13.42.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that Gladstone Investment will post 0.96 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms have commented on GAIN. B. Riley increased their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a "neutral" rating in a research note on Monday, November 11th. StockNews.com upgraded Gladstone Investment from a "sell" rating to a "hold" rating in a research note on Monday, November 11th.
Read Our Latest Report 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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