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

Posted by Clark Linder on Dec 18th, 2024

Gladstone Investment Co. (NASDAQ:GAIN – Get Free Report) declared a monthly dividend on Tuesday, October 8th,Wall Street Journal reports. Investors of record on Friday, December 20th will be given a dividend of 0.08 per share by the investment management company on Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date is Friday, December 20th.

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 tumble. Analysts expect Gladstone Investment to earn $0.92 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 104.3%.

Gladstone Investment Trading Down 0.8 %

Shares of GAIN opened at $13.14 on Wednesday. The firm has a market cap of $482.09 million, a P/E ratio of 12.40 and a beta of 1.29. Gladstone Investment has a 12 month low of $12.46 and a 12 month high of $14.96. The stock’s 50 day moving average is $13.70 and its two-hundred day moving average is $13.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GAIN shares. B. Riley lifted their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Check Out Our Latest Research Report on GAIN

About Gladstone Investment

(Get Free Report)

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.