Gladstone Investment Co. 8.00% Notes due 2028 Announces Quarterly Dividend of $0.50 (NASDAQ:GAINL)

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) declared a quarterly dividend on Tuesday, March 18th, NASDAQ Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.50 per share on Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 7.75%. The ex-dividend date is Tuesday, April 15th.

Gladstone Investment Co. 8.00% Notes due 2028 Trading Down 0.3 %

Shares of Gladstone Investment Co. 8.00% Notes due 2028 stock traded down $0.07 during trading on Tuesday, reaching $25.79. The company’s stock had a trading volume of 5,021 shares, compared to its average volume of 4,839. The business’s 50-day moving average price is $25.75 and its 200-day moving average price is $25.84. Gladstone Investment Co. 8.00% Notes due 2028 has a 52 week low of $25.25 and a 52 week high of $26.66.

About Gladstone Investment Co. 8.00% Notes due 2028

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.