Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) to Issue Quarterly Dividend of $0.30

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.3047 per share on Saturday, February 1st. This represents a $1.22 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Wednesday, January 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Trading Up 0.3 %

GAINZ stock traded up $0.07 during midday trading on Wednesday, reaching $23.31. The stock had a trading volume of 1,344 shares, compared to its average volume of 3,517. Gladstone Investment Co. 4.875% Notes due 2028 has a 52-week low of $22.18 and a 52-week high of $24.72. The company’s fifty day simple moving average is $23.64 and its 200 day simple moving average is $23.17.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

gladstone investment corporation (nasdaq: gain), a business development company (“bdc”), is a private equity fund focused on acquiring mature, lower middle market companies with attractive fundamentals and strong management teams. as a publicly-traded bdc, gain provides both equity and debt capital, which greatly increases certainty and speed of closing as well as provides gain’s shareholders with both current yield in the form of monthly dividends and potential capital gains upside.