Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Stock Price Up 0.2% Following Dividend Announcement

Shares of Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) rose 0.2% during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as $24.80 and last traded at $24.80. Approximately 5,231 shares traded 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. Investors of record on Wednesday, January 15th will be issued a $0.3125 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.25 dividend on an annualized basis and a yield of 5.04%.

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

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

About Gladstone Investment Co. 5.00% Notes Due 2026

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.