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

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, October 13th. Investors of record on Friday, October 23rd will be paid a dividend of $0.08 per share by the investment management company on Friday, October 30th. This represents a $0.96 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, October 23rd.

Gladstone Investment has raised its dividend by an average of 0.1% per year 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 fall. Equities 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 Trading Down 0.2%

NASDAQ:GAIN opened at $15.32 on Wednesday. Gladstone Investment has a 12 month low of $13.11 and a 12 month high of $17.14. The stock has a market capitalization of $610.04 million, a price-to-earnings ratio of 3.67 and a beta of 0.76. The firm has a fifty day simple moving average of $16.06 and a two-hundred day simple moving average of $15.85.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Thursday, August 6th. The investment management company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $28.36 million for 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 predict that Gladstone Investment will post 1.00 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Gladstone Investment Company Profile

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.