Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Trading 1.3% Higher After Dividend Announcement

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ)’s share price was up 1.3% during mid-day trading on Tuesday after the company announced a dividend. The company traded as high as $23.65 and last traded at $23.65. Approximately 22,877 shares were traded during mid-day trading, an increase of 487% from the average daily volume of 3,896 shares. The stock had previously closed at $23.35.

The newly announced dividend which will be paid on Saturday, February 1st. Investors of record on Wednesday, January 15th will be given a dividend of $0.3047 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.22 dividend on an annualized basis and a yield of 5.15%.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Up 1.3 %

The firm’s 50 day moving average is $23.35 and its 200-day moving average is $23.29.

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.