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

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) announced a quarterly dividend on Saturday, July 13th, Wall Street Journal reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.50 per share on Thursday, August 1st. This represents a $2.00 annualized dividend and a yield of 7.74%. The ex-dividend date of this dividend is Monday, July 15th.

Gladstone Investment Co. 8.00% Notes due 2028 Price Performance

Shares of NASDAQ GAINL opened at $25.83 on Friday. Gladstone Investment Co. 8.00% Notes due 2028 has a 52-week low of $24.70 and a 52-week high of $27.13. The firm has a fifty day moving average of $25.63 and a 200-day moving average of $25.59.

Gladstone Investment Co. 8.00% 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.