Gladstone Investment Co. (GAIN) to Issue Dividend of $0.08 on January 31st

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Tuesday, January 21st,investing.com reports. Investors of record on Monday, January 27th will be paid a dividend of 0.08 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 7.18%. The ex-dividend date is Friday, January 24th.

Gladstone Investment has a payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Stock Up 0.9 %

Shares of GAIN stock opened at $13.37 on Wednesday. The firm has a 50 day moving average of $13.36 and a 200-day moving average of $13.49. The company has a market cap of $490.55 million, a price-to-earnings ratio of 12.61 and a beta of 1.30. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Thursday, November 7th. The investment management company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $22.57 million for the quarter, compared to analysts’ expectations of $22.74 million. Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. During the same quarter last year, the firm posted $0.24 earnings per share. Analysts anticipate that Gladstone Investment will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

GAIN has been the subject of several analyst reports. B. Riley upped their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, November 11th. StockNews.com upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

About Gladstone Investment

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.