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

Gladstone Investment Co. (NASDAQ:GAIN) announced a monthly dividend on Wednesday, January 15th,Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be given 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 of this dividend is Wednesday, March 19th.

Gladstone Investment has a dividend payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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%.

Gladstone Investment Price Performance

NASDAQ:GAIN opened at $13.14 on Thursday. The stock has a market cap of $482.11 million, a P/E ratio of 12.40 and a beta of 1.30. The company has a fifty day moving average price of $13.38 and a 200 day moving average price of $13.52. Gladstone Investment has a one year low of $12.46 and a one year high of $14.85.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. B. Riley increased their target price 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 Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Gladstone Investment Company Profile

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.