Gladstone Investment Corp. (GAIN) Announces Monthly Dividend of $0.06
Gladstone Investment Corp. (NASDAQ:GAIN) declared a monthly dividend on Wednesday, January 8th, AnalystRatingsNetwork reports. Investors of record on Wednesday, January 22nd will be given a dividend of 0.06 per share on Friday, January 31st. 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, January 17th.
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. 322,356 shares of the company’s stock traded hands. Gladstone Investment Corp. has a 52 week low of $6.80 and a 52 week high of $8.09. The stock has a 50-day moving average of $7.66 and a 200-day moving average of $7.30.
Gladstone Investment Corp. (NASDAQ:GAIN) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.03. Analysts expect that Gladstone Investment Corp. will post $0.71 EPS for the current fiscal year.
Gladstone Investment Corporation operates as a closed-end, non-diversified management investment company.
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