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

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, October 13th. Investors 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 is Monday, December 21st.

Gladstone Investment has increased its dividend by an average of 0.1% annually over the last three years. Gladstone Investment has a dividend 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. Equities 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 Trading Down 0.2%

NASDAQ:GAIN opened at $15.32 on Wednesday. Gladstone Investment has a 12 month low of $13.11 and a 12 month high of $17.14. The firm’s 50 day moving average is $16.06 and its 200 day moving average is $15.85. The stock 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 announced its quarterly earnings data on Thursday, August 6th. The investment management company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%. The business had revenue of $28.36 million during the quarter, compared to analyst estimates of $25.75 million. Research analysts predict that Gladstone Investment will post 1.00 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GAIN shares. Wall Street Zen upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings downgraded Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 1st. Finally, Zacks Research downgraded Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.75.

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.