Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Trading 0.3% Higher Following Dividend Announcement

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL)’s share price rose 0.3% during trading on Thursday after the company announced a dividend. The company traded as high as $25.81 and last traded at $25.79. Approximately 1,337 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 9,483 shares. The stock had previously closed at $25.73.

The newly announced dividend which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a $0.50 dividend. The ex-dividend date is Monday, July 15th. This represents a $2.00 dividend on an annualized basis and a yield of 7.75%.

Gladstone Investment Co. 8.00% Notes due 2028 Stock Up 0.3 %

The business’s 50 day moving average is $25.60 and its 200-day moving average is $25.58.

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.