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

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.50 per share on Saturday, February 1st. This represents a $2.00 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date is Wednesday, January 15th.

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

Shares of NASDAQ GAINL traded up $0.11 during midday trading on Thursday, reaching $25.77. 3,067 shares of the company’s stock were exchanged, compared to its average volume of 7,154. Gladstone Investment Co. 8.00% Notes due 2028 has a 52-week low of $25.11 and a 52-week high of $27.13. The business’s fifty day moving average price is $25.98 and its two-hundred day moving average price is $25.77.

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.