Gladstone Investment Corporation (NASDAQ:GAIN – Get Free Report) announced a monthly dividend on Tuesday, October 13th. Stockholders of record on Monday, December 21st will be given a dividend of $0.08 per share by the investment management company on Thursday, December 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, December 21st.
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 tumble. 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 Trading Down 0.2%
Shares of Gladstone Investment stock opened at $15.32 on Wednesday. The stock has a 50-day moving average price of $16.06 and a 200 day moving average price of $15.85. The company has a market cap of $610.04 million, a P/E ratio of 3.67 and a beta of 0.76. Gladstone Investment has a 1 year low of $13.11 and a 1 year high of $17.14.
Gladstone Investment Company Profile
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.
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