Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Trading 0.2% Higher After Dividend Announcement

Shares of Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) rose 0.2% on Tuesday following a dividend announcement from the company. The stock traded as high as $24.80 and last traded at $24.80. Approximately 5,231 shares changed hands during trading, a decline of 17% from the average daily volume of 6,279 shares. The stock had previously closed at $24.76.

The newly announced dividend which will be paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.04%.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Up 0.2 %

The company has a fifty day moving average price of $24.62 and a 200-day moving average price of $24.53.

Gladstone Investment Co. 5.00% Notes Due 2026 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.