Gladstone Investment Co. (NASDAQ:GAIN) Announces Dividend of $0.08

Gladstone Investment Co. (NASDAQ:GAIN) declared a dividend on Monday, January 20th,investing.com reports. Investors of record on Monday, January 27th will be paid a dividend of 0.08 per share by the investment management company on Friday, January 31st. This represents a yield of 7.25%. The ex-dividend date is Friday, January 24th.

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. 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

GAIN stock traded down $0.03 during mid-day trading on Monday, hitting $13.25. 140,504 shares of the stock were exchanged, compared to its average volume of 114,984. The business has a fifty day moving average price of $13.37 and a 200 day moving average price of $13.50. Gladstone Investment has a 12 month low of $12.46 and a 12 month high of $14.85. The stock has a market capitalization of $486.14 million, a price-to-earnings ratio of 12.50 and a beta of 1.30.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GAIN. B. Riley boosted their target price on Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

About Gladstone Investment

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.