Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on June 23rd

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, April 14th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.08 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, June 23rd.

Gladstone Investment has raised its dividend 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 fall. Equities 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 Price Performance

Shares of GAIN stock opened at $15.36 on Thursday. The business’s fifty day moving average price is $14.12 and its 200 day moving average price is $13.96. The firm has a market capitalization of $611.64 million, a PE ratio of 4.94 and a beta of 0.78. Gladstone Investment has a 1-year low of $13.11 and a 1-year high of $15.43.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Tuesday, February 3rd. The investment management company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The business had revenue of $25.06 million during the quarter, compared to analyst estimates of $25.83 million. Gladstone Investment had a net margin of 118.55% and a return on equity of 6.77%. Equities research analysts expect that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

About Gladstone Investment

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.