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

Gladstone Investment Co. (NASDAQ:GAIN) announced a monthly dividend on Thursday, January 16th, Wall Street Journal reports. Investors of record on Wednesday, March 19th will be paid 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Up 0.8 %

GAIN opened at $13.19 on Monday. The firm has a market cap of $485.88 million, a price-to-earnings ratio of 6.87 and a beta of 1.28. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.85. The business’s 50 day moving average is $13.40 and its two-hundred day moving average is $13.48.

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

Gladstone Investment Company Profile

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.