Gladstone Investment Co. (GAIN) To Go Ex-Dividend on December 20th

Posted by Anthony Bellafiore on Dec 18th, 2024

Gladstone Investment Co. (NASDAQ:GAIN – Get Free Report) announced a monthly dividend on Tuesday, October 8th,Wall Street Journal reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.08 per share by the investment management company on Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 7.31%. The ex-dividend date of this dividend is Friday, December 20th.

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. 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 Price Performance

NASDAQ:GAIN opened at $13.14 on Wednesday. The company’s fifty day moving average price is $13.70 and its 200-day moving average price is $13.66. Gladstone Investment has a 1-year low of $12.46 and a 1-year high of $14.96. The firm has a market capitalization of $482.09 million, a P/E ratio of 12.40 and a beta of 1.29.

Analyst Upgrades and Downgrades

GAIN has been the topic of several analyst reports. B. Riley increased their price target on Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Monday, November 11th. StockNews.com raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Check Out Our Latest Analysis on GAIN

About Gladstone Investment

(Get Free Report)

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.