Gladstone Investment Co. (NASDAQ:GAIN) Announces Dividend of $0.08

Posted by Anthony Miller on Jan 20th, 2025

Gladstone Investment Co. (NASDAQ:GAIN – Get Free Report) declared a dividend on Monday, January 20th,investing.com reports. Investors of record on Monday, January 27th will be given a dividend of 0.08 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 7.25%. The ex-dividend date of this dividend 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 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 Stock Down 0.2 %

NASDAQ:GAIN traded down $0.03 during trading hours on Monday, reaching $13.25. The company had a trading volume of 140,504 shares, compared to its average volume of 114,984. The business’s 50-day simple moving average is $13.37 and its two-hundred day simple moving average is $13.50. Gladstone Investment has a twelve month low of $12.46 and a twelve month high of $14.85. The firm has a market cap of $486.14 million, a price-to-earnings ratio of 12.50 and a beta of 1.30.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. B. Riley boosted their price objective on Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Monday, November 11th.

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Gladstone Investment Company Profile

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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.