Gladstone Investment Co. (GAIN) to Issue Monthly Dividend of $0.08 on February 28th

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Tuesday, January 14th,NASDAQ Dividends reports. Investors 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 annualized dividend and a yield of 6.87%. The ex-dividend date is Wednesday, February 19th.

Gladstone Investment has a 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 fall. 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 Up 0.9 %

GAIN stock opened at $13.97 on Monday. The company’s fifty day simple moving average is $13.31 and its 200 day simple moving average is $13.42. Gladstone Investment has a 12-month low of $12.46 and a 12-month high of $14.85. The firm has a market cap of $512.56 million, a price-to-earnings ratio of 13.18 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%. Research analysts expect that Gladstone Investment will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GAIN shares. StockNews.com upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th. B. Riley upped their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a report 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.