Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) announced a monthly dividend on Thursday, January 16th,Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be paid a dividend of 0.08 per share by the investment management company on Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 7.31%. The ex-dividend date is Wednesday, March 19th.
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 fall. 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%.
NASDAQ GAIN opened at $13.14 on Thursday. The stock has a market capitalization of $482.11 million, a PE ratio of 12.40 and a beta of 1.30. The stock has a 50-day simple moving average of $13.38 and a 200 day simple moving average of $13.52. Gladstone Investment has a twelve month low of $12.46 and a twelve month high of $14.85.
Several equities research analysts have recently weighed in on the company. B. Riley increased their price objective on Gladstone Investment from $13.00 to $13.50 and gave the company a "neutral" rating in a research report on Monday, November 11th. StockNews.com raised shares of Gladstone Investment from a "sell" rating to a "hold" rating in a report on Monday, November 11th.
Check Out Our Latest Report on Gladstone Investment
Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.
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