Gladstone Investment Corporation (NASDAQ:GAIN) Shareholders to Get $0.08 Monthly Dividend

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.08 per share by the investment management company on Monday, November 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, November 19th.

Gladstone Investment has raised its dividend by an average of 0.1% per year over the last three years. Gladstone Investment has a dividend 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. Research analysts expect Gladstone Investment to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 96.0%.

Gladstone Investment Stock Down 0.2%

Shares of Gladstone Investment stock opened at $15.32 on Wednesday. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14. The firm’s 50 day moving average is $16.06 and its two-hundred day moving average is $15.85. The firm has a market capitalization of $610.04 million, a P/E ratio of 3.67 and a beta of 0.76.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Thursday, August 6th. The investment management company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $28.36 million for the quarter, compared to analysts’ expectations of $25.75 million. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%. As a group, research analysts expect that Gladstone Investment will post 1.00 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday. Zacks Research cut shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings cut shares of Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 1st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Gladstone Investment currently has an average rating of “Moderate Buy” and an average price target of $16.75.

About Gladstone Investment

Gladstone Investment Corporation (NASDAQ:GAIN) is an externally managed business development company that invests in established lower-middle-market businesses in the United States. The company seeks to provide capital to privately held companies that may have limited access to traditional financing.

Gladstone Investment primarily invests through secured and unsecured debt, subordinated debt and equity securities. Its investment activities support transactions such as management buyouts, recapitalizations, acquisitions and growth initiatives.