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

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) declared a quarterly dividend on Sunday, October 13th, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.50 per share on Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date of this dividend is Tuesday, October 15th.

Gladstone Investment Co. 8.00% Notes due 2028 Stock Up 0.7 %

Shares of GAINL opened at $26.18 on Monday. The company has a 50 day simple moving average of $25.97 and a two-hundred day simple moving average of $25.76. Gladstone Investment Co. 8.00% Notes due 2028 has a 1 year low of $24.70 and a 1 year 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.