Gladstone Investment Co. (GAIN) to Issue Monthly Dividend of $0.07 on January 29th


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Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Tuesday, January 12th, Zacks reports. Shareholders of record on Friday, January 22nd will be paid a dividend of 0.07 per share by the investment management company on Friday, January 29th. This represents a $0.84 annualized dividend and a yield of 8.08%. The ex-dividend date is Thursday, January 21st.

Gladstone Investment has a dividend payout ratio of 158.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Gladstone Investment to earn $0.68 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 123.5%.

Shares of NASDAQ:GAIN opened at $10.40 on Thursday. The stock has a market capitalization of $345.33 million, a PE ratio of -19.26 and a beta of 1.45. The firm’s 50 day moving average price is $10.20 and its 200-day moving average price is $9.58. Gladstone Investment has a twelve month low of $6.43 and a twelve month high of $13.99.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Sunday, November 8th. The investment management company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Gladstone Investment had a positive return on equity of 5.53% and a negative net margin of 34.86%. The company had revenue of $11.84 million during the quarter, compared to analysts’ expectations of $11.17 million. Equities analysts forecast that Gladstone Investment will post 0.57 earnings per share for the current year.

A number of research firms recently weighed in on GAIN. BidaskClub lowered shares of Gladstone Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. Zacks Investment Research downgraded Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Monday, October 19th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Gladstone Investment currently has a consensus rating of “Hold” and a consensus price target of $12.50.

About Gladstone Investment

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; 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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Dividend History for Gladstone Investment (NASDAQ:GAIN)

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