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

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) announced a quarterly dividend on Tuesday, March 18th, NASDAQ Dividends reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.3047 per share on Thursday, May 1st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Tuesday, April 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

Shares of NASDAQ:GAINZ traded up $0.07 during midday trading on Tuesday, hitting $23.29. 3,145 shares of the stock were exchanged, compared to its average volume of 3,940. The business’s fifty day simple moving average is $23.30 and its two-hundred day simple moving average is $23.44. Gladstone Investment Co. 4.875% Notes due 2028 has a 52-week low of $22.45 and a 52-week high of $24.16.

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.