Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Stock Price Up 1.3% Following Dividend Announcement

Shares of Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) rose 1.3% on Tuesday after the company announced a dividend. The stock traded as high as $23.65 and last traded at $23.65. Approximately 22,877 shares changed hands during 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. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.3047 per share. This represents a $1.22 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

The company has a fifty day moving average price of $23.35 and a two-hundred day moving average price of $23.29.

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.