Gladstone Investment Corporation to Issue Monthly Dividend of $0.08 (NASDAQ:GAIN)

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, January 13th. Shareholders of record on Monday, March 23rd will be paid a dividend of 0.08 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Monday, March 23rd.

Gladstone Investment has raised its dividend by an average of 0.1%annually over the last three years. Gladstone Investment has a dividend 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 tumble. 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 Up 0.3%

NASDAQ:GAIN traded up $0.04 during mid-day trading on Wednesday, hitting $13.91. 27,926 shares of the stock traded hands, compared to its average volume of 160,449. The firm’s 50 day moving average is $13.87 and its two-hundred day moving average is $13.97. Gladstone Investment has a 52 week low of $11.42 and a 52 week high of $15.34. The stock has a market capitalization of $551.48 million, a price-to-earnings ratio of 5.57 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, November 4th. The investment management company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $25.28 million for the quarter, compared to the consensus estimate of $24.58 million. Gladstone Investment had a net margin of 94.99% and a return on equity of 7.12%. As a group, research analysts predict that Gladstone Investment will post 0.96 EPS for the current 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.