Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Trading Down 1.9% – Here’s What Happened

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) traded down 1.9% during mid-day trading on Monday . The stock traded as low as $23.26 and last traded at $23.26. 30 shares were traded during mid-day trading, a decline of 99% from the average session volume of 3,448 shares. The stock had previously closed at $23.70.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

The company’s 50-day moving average price is $23.59 and its 200-day moving average price is $23.13.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.3047 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.22 annualized dividend and a dividend yield of 5.23%.

About Gladstone Investment Co. 4.875% 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.