Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Trading Up 0.2% Following Dividend Announcement

Shares of Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) were up 0.2% during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $25.84 and last traded at $25.84. Approximately 4,071 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 6,802 shares. The stock had previously closed at $25.79.

The newly announced dividend which will be paid on Saturday, February 1st. Investors of record on Wednesday, January 15th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 15th. This represents a $2.00 dividend on an annualized basis and a yield of 7.74%.

Gladstone Investment Co. 8.00% Notes due 2028 Stock Up 0.2 %

The stock’s fifty day simple moving average is $25.76 and its 200 day simple moving average is $25.82.

Gladstone Investment Co. 8.00% 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.