Gladstone Investment Corporation (GAIN) to Issue Monthly Dividend of $0.08 on April 30th

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, April 14th. Shareholders of record on Friday, April 24th will be given a dividend of 0.08 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, April 24th.

Gladstone Investment has increased its dividend payment by an average of 0.1%annually over the last three years. 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 decline. Research analysts expect Gladstone Investment to earn $0.89 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 107.9%.

Gladstone Investment Price Performance

GAIN opened at $15.95 on Wednesday. The firm has a market cap of $635.16 million, a P/E ratio of 5.13 and a beta of 0.78. Gladstone Investment has a 1-year low of $13.11 and a 1-year high of $16.06. The company has a 50 day simple moving average of $14.27 and a two-hundred day simple moving average of $14.01.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, February 3rd. The investment management company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The firm had revenue of $25.06 million during the quarter, compared to the consensus estimate of $25.83 million. Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%. Equities analysts anticipate that Gladstone Investment will post 0.9 earnings per share 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.