Gladstone Investment Corp. Announces Monthly Dividend of $0.06 (GAIN)
Gladstone Investment Corp. (NASDAQ:GAIN) announced a monthly dividend on Wednesday, October 9th, Analyst Ratings News reports. Investors of record on Monday, December 16th will be paid a dividend of $0.06 per share on Tuesday, December 31st. This represents a $0.72 annualized dividend and a dividend yield of 10.32%. The ex-dividend date is Thursday, December 12th.
GAIN has been the subject of a number of recent research reports. Analysts at Hilliard Lyons upgraded shares of Gladstone Investment Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 9th. They now have a $7.60 price target on the stock. Analysts at Zacks downgraded shares of Gladstone Investment Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 16th. They now have a $8.60 price target on the stock.
Gladstone Investment Corp. (NASDAQ:GAIN) traded up 2.65% on Wednesday, hitting $6.98. 264,855 shares of the company’s stock traded hands. Gladstone Investment Corp. has a 52-week low of $6.59 and a 52-week high of $7.72. The stock has a 50-day moving average of $7.03 and a 200-day moving average of $7.24.
Gladstone Investment Corp. (NASDAQ:GAIN) last announced its earnings results on Monday, July 29th. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.15. On average, analysts predict that Gladstone Investment Corp. will post $0.62 earnings per share for the current fiscal year.
Gladstone Investment Corporation operates as a closed-end, non-diversified management investment company.
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