Gladstone Investment Corporation (NASDAQ:GAIN) Declares $0.08 Monthly Dividend

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be given a dividend of 0.08 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Friday, July 24th.

Gladstone Investment has increased its dividend payment by an average of 0.1%per year over the last three years. Gladstone Investment has a 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 $0.92 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 Up 0.5%

Shares of NASDAQ:GAIN opened at $16.52 on Wednesday. The stock has a market cap of $657.83 million, a PE ratio of 3.52 and a beta of 0.78. The stock’s fifty day simple moving average is $15.76 and its two-hundred day simple moving average is $14.83. Gladstone Investment has a 1-year low of $13.11 and a 1-year high of $17.14.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Tuesday, May 12th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%.The firm had revenue of $25.19 million during the quarter, compared to the consensus estimate of $25.80 million. On average, sell-side analysts forecast that Gladstone Investment will post 0.91 earnings per share for the current fiscal year.

Gladstone Investment Company Profile

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.