Gladstone Investment Co. (GAIN) To Go Ex-Dividend on March 19th

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Wednesday, January 15th, Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be given a dividend of 0.08 per share by the investment management company on Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date is Wednesday, March 19th.

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 tumble. 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

Gladstone Investment stock opened at $13.19 on Monday. The stock has a market cap of $485.88 million, a P/E ratio of 6.87 and a beta of 1.28. The firm’s 50 day moving average price is $13.40 and its 200-day moving average price is $13.48. Gladstone Investment has a 1 year low of $12.46 and a 1 year high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. As a group, equities analysts expect that Gladstone Investment will post 0.96 EPS for the current year.

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.