Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Stock Price Up 0.2% After Dividend Announcement

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) shares traded up 0.2% during mid-day trading on Tuesday after the company announced a dividend. The company traded as high as $24.80 and last traded at $24.80. 5,231 shares changed hands during trading, a decline of 17% from the average session volume of 6,279 shares. The stock had previously closed at $24.76.

The newly announced dividend which will be paid on Saturday, February 1st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Wednesday, January 15th.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Up 0.2 %

The business has a fifty day moving average of $24.62 and a two-hundred day moving average of $24.53.

About Gladstone Investment Co. 5.00% Notes Due 2026

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.