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

Posted by Nicole Kennedy on Jan 16th, 2025

Gladstone Investment Co. (NASDAQ:GAIN – Get Free Report) announced a monthly dividend on Thursday, January 16th,Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be paid 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 is Wednesday, March 19th.

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 Stock Performance

NASDAQ GAIN opened at $13.14 on Thursday. The stock has a market capitalization of $482.11 million, a PE ratio of 12.40 and a beta of 1.30. The stock has a 50-day simple moving average of $13.38 and a 200 day simple moving average of $13.52. Gladstone Investment has a twelve month low of $12.46 and a twelve month high of $14.85.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. B. Riley increased their price objective on Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, November 11th. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Check Out Our Latest Report on Gladstone Investment

About Gladstone Investment

(Get Free Report)

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.