Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Plans Quarterly Dividend of $0.30

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) announced a quarterly dividend on Friday, July 12th, Wall Street Journal reports. Investors of record on Monday, July 15th will be paid a dividend of 0.3047 per share on Thursday, August 1st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Monday, July 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

Shares of GAINZ opened at $22.98 on Friday. Gladstone Investment Co. 4.875% Notes due 2028 has a 12-month low of $21.38 and a 12-month high of $24.76. The firm has a 50-day moving average price of $22.94 and a 200 day moving average price of $22.92.

Gladstone Investment Co. 4.875% Notes due 2028 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.