Gladstone Investment Corp. (GAIN) Announces Monthly Dividend of $0.06
Gladstone Investment Corp. (NASDAQ:GAIN) declared a monthly dividend on Wednesday, October 9th, AnalystRatingsNetwork reports. Investors of record on Tuesday, October 22nd will be given a dividend of $0.06 per share on Thursday, October 31st. This represents a $0.72 dividend on an annualized basis and a yield of 10.32%. The ex-dividend date of this dividend is Friday, October 18th. This is an increase from Gladstone Investment Corp.’s previous monthly dividend of $0.05.
A number of analysts have recently weighed in on GAIN shares. 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. The stock had a trading volume of 264,502 shares. Gladstone Investment Corp. has a 52-week low of $6.59 and a 52-week high of $7.72. The stock’s 50-day moving average is $7.03 and its 200-day moving average is $7.24.
Gladstone Investment Corp. (NASDAQ:GAIN) last released its earnings data on Monday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Analysts expect that Gladstone Investment Corp. will post $0.62 EPS for the current fiscal year.
Gladstone Investment Corporation operates as a closed-end, non-diversified management investment company.
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