Gladstone Investment Co. Declares Monthly Dividend of $0.08 (NASDAQ:GAIN)

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Wednesday, January 15th,Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be given 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 7.23%. The ex-dividend date is Wednesday, March 19th.

Gladstone Investment has a dividend 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. 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 Stock Performance

GAIN stock opened at $13.28 on Friday. The firm has a market cap of $487.24 million, a P/E ratio of 12.53 and a beta of 1.30. The firm’s fifty day moving average is $13.37 and its 200 day moving average is $13.52. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.85.

Analysts Set New Price Targets

GAIN has been the topic of several recent research reports. B. Riley raised 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 research note on Monday, November 11th.

Gladstone Investment Company Profile

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.