Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) declared a monthly dividend on Thursday, April 10th, Wall Street Journal reports. Investors of record on Friday, June 20th will be paid a dividend of 0.08 per share by the investment management company on Monday, June 30th. This represents a $0.96 annualized dividend and a yield of 7.13%. The ex-dividend date of this dividend is Friday, June 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 fall. Research 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 Stock Performance
Shares of Gladstone Investment stock remained flat at $13.46 during trading on Tuesday. 71,131 shares of the stock traded hands, compared to its average volume of 131,766. The firm has a market cap of $495.83 million, a P/E ratio of 7.01 and a beta of 1.12. The business's fifty day simple moving average is $13.37 and its two-hundred day simple moving average is $13.48. Gladstone Investment has a 1-year low of $11.42 and a 1-year high of $14.85.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. As a group, research analysts predict that Gladstone Investment will post 0.96 EPS for the current year.
About Gladstone Investment
(
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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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