Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on November 19th

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, October 13th. Investors of record on Thursday, November 19th will be given a dividend of $0.08 per share by the investment management company on Monday, November 30th. This represents a $0.96 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, November 19th.

Gladstone Investment has increased its dividend payment by an average of 0.1% per year over the last three years. 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 tumble. Equities analysts expect Gladstone Investment to earn $1.00 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 96.0%.

Gladstone Investment Price Performance

GAIN opened at $15.14 on Thursday. Gladstone Investment has a fifty-two week low of $13.11 and a fifty-two week high of $17.14. The company’s 50 day moving average price is $16.04 and its two-hundred day moving average price is $15.85. The firm has a market capitalization of $602.87 million, a price-to-earnings ratio of 3.62 and a beta of 0.76.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $28.36 million during the quarter, compared to the consensus estimate of $25.75 million. Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%. As a group, equities research analysts predict that Gladstone Investment will post 1.00 EPS for the current year.

Gladstone Investment Company Profile

Gladstone Investment Corporation (NASDAQ:GAIN) is an externally managed business development company that invests in established lower-middle-market businesses in the United States. The company seeks to provide capital to privately held companies that may have limited access to traditional financing.

Gladstone Investment primarily invests through secured and unsecured debt, subordinated debt and equity securities. Its investment activities support transactions such as management buyouts, recapitalizations, acquisitions and growth initiatives.