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

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) declared a quarterly dividend on Sunday, January 12th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.50 per share on Saturday, February 1st. This represents a $2.00 annualized dividend and a yield of 7.68%. The ex-dividend date of this dividend is Wednesday, January 15th.

Gladstone Investment Co. 8.00% Notes due 2028 Stock Down 0.3 %

NASDAQ GAINL opened at $26.05 on Monday. The company has a 50-day moving average price of $25.80 and a 200-day moving average price of $25.84. Gladstone Investment Co. 8.00% Notes due 2028 has a 52 week low of $25.20 and a 52 week high of $27.13.

About Gladstone Investment Co. 8.00% 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.