Gladstone Investment Corp. (GAIN) Announces Monthly Dividend of $0.06
Gladstone Investment Corp. (NASDAQ:GAIN) declared a monthly dividend on Wednesday, January 8th, American Banking and Market News reports. Investors of record on Wednesday, February 19th will be given a dividend of 0.06 per share on Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 8.94%. The ex-dividend date of this dividend is Friday, February 14th.
Several analysts have recently commented on the stock. Analysts at Hilliard Lyons downgraded shares of Gladstone Investment Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday.
Shares of Gladstone Investment Corp. (NASDAQ:GAIN) traded up 2.03% during mid-day trading on Wednesday, hitting $8.05. The stock had a trading volume of 322,356 shares. Gladstone Investment Corp. has a 52 week low of $6.80 and a 52 week high of $8.09. The stock’s 50-day moving average is $7.66 and its 200-day moving average is $7.30.
Gladstone Investment Corp. (NASDAQ:GAIN) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.03. On average, analysts predict that Gladstone Investment Corp. will post $0.71 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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