Gladstone Investment Corporation (GAIN) to Distribute Monthly Dividend of $0.08 on December 31st

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, October 13th. Shareholders of record on Monday, December 21st will be paid a dividend of $0.08 per share by the investment management company on Thursday, December 31st. This represents a $0.96 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, December 21st.

Gladstone Investment has increased its dividend 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 fall. Equities 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 Price Performance

Gladstone Investment stock opened at $15.14 on Thursday. The stock’s 50 day moving average is $16.04 and its 200 day moving average is $15.85. Gladstone Investment has a one year low of $13.11 and a one year high of $17.14. The firm has a market cap of $602.87 million, a P/E ratio of 3.62 and a beta of 0.76.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm had revenue of $28.36 million during the quarter, compared to analyst estimates of $25.75 million. Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%. Equities analysts anticipate that Gladstone Investment will post 1.00 earnings per share for the current fiscal year.

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.