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

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) declared a quarterly dividend on Saturday, July 13th, Wall Street Journal reports. Investors of record on Monday, July 15th will be given a dividend of 0.50 per share on Thursday, August 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date is Monday, July 15th.

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

NASDAQ GAINL opened at $25.83 on Friday. Gladstone Investment Co. 8.00% Notes due 2028 has a 12 month low of $24.70 and a 12 month high of $27.13. The company’s 50 day simple moving average is $25.63 and its 200 day simple moving average is $25.59.

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.