Gladstone Investment Co. 4.875% Notes due 2028 (GAINZ) To Go Ex-Dividend on July 15th

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) declared a quarterly dividend on Friday, January 1st. Investors of record on Wednesday, July 15th will be given a dividend of 0.3047 per share on Saturday, August 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Wednesday, July 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Up 0.4%

Gladstone Investment Co. 4.875% Notes due 2028 stock traded up $0.09 during midday trading on Monday, reaching $24.02. The stock had a trading volume of 250 shares, compared to its average volume of 5,004. The firm’s fifty day simple moving average is $24.04 and its 200-day simple moving average is $24.02. Gladstone Investment Co. 4.875% Notes due 2028 has a 1-year low of $23.18 and a 1-year high of $24.30.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.