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

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, January 13th. Investors of record on Wednesday, February 18th will be paid a dividend of 0.08 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Wednesday, February 18th.

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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Trading Down 0.4%

NASDAQ GAIN opened at $13.87 on Wednesday. Gladstone Investment has a 12 month low of $11.42 and a 12 month high of $15.34. The stock has a market cap of $549.89 million, a price-to-earnings ratio of 5.55 and a beta of 0.84. The company’s 50 day moving average is $13.87 and its two-hundred day moving average is $13.97.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Tuesday, November 4th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $25.28 million during the quarter, compared to analysts’ expectations of $24.58 million. Gladstone Investment had a net margin of 94.99% and a return on equity of 7.12%. Sell-side analysts forecast that Gladstone Investment will post 0.96 EPS for the current year.

Gladstone Investment Company Profile

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.