Gladstone Investment Co. (GAIN) to Issue Variable Dividend of $0.70 on October 15th

Gladstone Investment Co. (NASDAQ:GAIN) announced a Variable dividend on Tuesday, September 17th, NASDAQ reports. Investors of record on Friday, October 4th will be given a dividend of 0.70 per share by the investment management company on Tuesday, October 15th. The ex-dividend date is Friday, October 4th.

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 tumble. Analysts expect Gladstone Investment to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 98.0%.

Gladstone Investment Trading Up 1.4 %

Shares of GAIN opened at $14.65 on Wednesday. The company has a 50-day moving average of $13.27 and a two-hundred day moving average of $13.77. The stock has a market cap of $537.49 million, a P/E ratio of 5.91 and a beta of 1.33. Gladstone Investment has a 12-month low of $12.14 and a 12-month high of $14.96.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Monday, August 5th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $22.18 million during the quarter, compared to analysts’ expectations of $24.27 million. Gladstone Investment had a net margin of 78.48% and a return on equity of 7.20%. During the same period in the previous year, the company posted $0.25 EPS. As a group, analysts forecast that Gladstone Investment will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GAIN. B. Riley decreased their price objective on Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com cut shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, September 24th.

Gladstone Investment Company Profile

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.