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

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, January 13th. Shareholders of record on Monday, March 23rd will be given 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 of this dividend is Monday, March 23rd.

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 decline. Equities 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 Price Performance

GAIN stock remained flat at $13.87 during midday trading on Wednesday. 22,051 shares of the company’s stock traded hands, compared to its average volume of 159,404. The business has a fifty day moving average price of $13.87 and a two-hundred day moving average price of $13.97. Gladstone Investment has a 12-month low of $11.42 and a 12-month high of $15.34. The firm has a market cap of $549.89 million, a PE ratio of 5.53 and a beta of 0.84.

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