Gladstone Investment Co. (NASDAQ:GAIN) to Issue Monthly Dividend of $0.07

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Tuesday, October 8th, Zacks reports. Shareholders of record on Tuesday, October 22nd will be paid a dividend of 0.068 per share by the investment management company on Thursday, October 31st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is Monday, October 21st.

Gladstone Investment has increased its dividend payment by an average of 2.6% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Gladstone Investment has a payout ratio of 107.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Gladstone Investment to earn $0.82 per share next year, which means the company may not be able to cover its $0.82 annual dividend with an expected future payout ratio of 100.0%.

Shares of Gladstone Investment stock opened at $12.31 on Thursday. The firm has a 50-day simple moving average of $12.03 and a two-hundred day simple moving average of $11.76. The company has a market cap of $402.08 million, a P/E ratio of 16.04 and a beta of 0.81. Gladstone Investment has a fifty-two week low of $8.70 and a fifty-two week high of $12.70.



Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Wednesday, July 31st. The investment management company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $17.31 million during the quarter, compared to the consensus estimate of $13.69 million. Gladstone Investment had a net margin of 89.98% and a return on equity of 6.84%. As a group, sell-side analysts expect that Gladstone Investment will post 0.86 earnings per share for the current fiscal year.

GAIN has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, ValuEngine upgraded shares of Gladstone Investment from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

In related news, President David A. R. Dullum purchased 2,400 shares of Gladstone Investment stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $12.44 per share, for a total transaction of $29,856.00. Following the transaction, the president now directly owns 97,616 shares in the company, valued at $1,214,343.04. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Gladstone purchased 20,581 shares of Gladstone Investment stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $11.99 per share, with a total value of $246,766.19. Following the transaction, the chief executive officer now owns 666,554 shares in the company, valued at $7,991,982.46. The disclosure for this purchase can be found here. 2.56% of the stock is owned by corporate insiders.

Gladstone Investment Company Profile

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; 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.

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Dividend History for Gladstone Investment (NASDAQ:GAIN)

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