Gladstone Investment Corporation (NASDAQ:GAIN) Shares to Pay Monthly Dividend of $0.08

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, October 13th. Stockholders 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 dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, October 23rd.

Gladstone Investment has increased its dividend payment by an average of 0.1% annually over the last three years. 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 decline. 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

GAIN stock opened at $15.32 on Wednesday. Gladstone Investment has a one year low of $13.11 and a one year high of $17.14. The company’s fifty day moving average price is $16.06 and its 200-day moving average price is $15.85. The company has a market capitalization of $610.04 million, a PE ratio of 3.67 and a beta of 0.76.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Thursday, August 6th. The investment management company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $28.36 million during the quarter, compared to analyst estimates of $25.75 million. Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%. On average, research analysts predict that Gladstone Investment will post 1.00 EPS for the current fiscal 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.