Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on January 23rd

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, January 13th. Investors of record on Friday, January 23rd will be paid a dividend of 0.08 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Friday, January 23rd.

Gladstone Investment has increased its dividend by an average of 0.1%per year over the last three years. Gladstone Investment has a 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 decline. Equities 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 Trading Down 1.7%

Shares of Gladstone Investment stock opened at $13.83 on Wednesday. The company’s fifty day simple moving average is $13.89 and its 200-day simple moving average is $13.96. Gladstone Investment has a 1 year low of $11.42 and a 1 year high of $15.34. The company has a market cap of $548.36 million, a price-to-earnings ratio of 5.53 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, November 4th. The investment management company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $25.28 million during the quarter, compared to analysts’ expectations of $24.58 million. Gladstone Investment had a return on equity of 7.12% and a net margin of 94.99%. As a group, research analysts forecast that Gladstone Investment will post 0.96 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.