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

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Monday, April 21st, investing.com reports. Stockholders of record on Tuesday, April 22nd will be given a dividend of 0.08 per share by the investment management company on Wednesday, April 30th. This represents a dividend yield of 7.08%. The ex-dividend date of this dividend is Monday, April 21st.

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. 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 Trading Down 2.4 %

GAIN stock opened at $13.55 on Tuesday. The stock’s 50 day simple moving average is $13.39 and its 200 day simple moving average is $13.45. Gladstone Investment has a 12-month low of $11.42 and a 12-month high of $14.85. The stock has a market capitalization of $499.14 million, a PE ratio of 7.06 and a beta of 1.12.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. On average, research analysts predict that Gladstone Investment will post 0.96 earnings per share for the current year.

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.