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

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.50 per share on Saturday, February 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date of this dividend is Wednesday, January 15th.

Gladstone Investment Co. 8.00% Notes due 2028 Stock Up 0.4 %

NASDAQ GAINL traded up $0.11 during trading on Wednesday, reaching $25.77. 3,067 shares of the stock traded hands, compared to its average volume of 7,154. Gladstone Investment Co. 8.00% Notes due 2028 has a fifty-two week low of $25.11 and a fifty-two week high of $27.13. The stock’s 50-day moving average price is $25.98 and its 200 day moving average price is $25.77.

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.