Gladstone Investment Corporation (GAIN) to Distribute Monthly Dividend of $0.08 on October 30th

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, October 13th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.08 per share by the investment management company on Friday, October 30th. This represents a $0.96 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, October 23rd.

Gladstone Investment has increased its dividend by an average of 0.1% annually over the last three years. 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 tumble. Research analysts expect Gladstone Investment to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 96.0%.

Gladstone Investment Stock Performance

Shares of GAIN opened at $14.80 on Wednesday. The business’s fifty day moving average price is $15.91 and its two-hundred day moving average price is $15.88. The firm has a market capitalization of $589.38 million, a price-to-earnings ratio of 3.54 and a beta of 0.76. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $28.36 million for the quarter, compared to analyst estimates of $25.75 million. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%. As a group, research analysts forecast that Gladstone Investment will post 1.00 EPS for the current year.

About Gladstone Investment

Gladstone Investment Corporation (NASDAQ:GAIN) is an externally managed business development company that invests in established lower-middle-market businesses in the United States. The company seeks to provide capital to privately held companies that may have limited access to traditional financing.

Gladstone Investment primarily invests through secured and unsecured debt, subordinated debt and equity securities. Its investment activities support transactions such as management buyouts, recapitalizations, acquisitions and growth initiatives.