Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Trading Up 0.1% – Here’s Why

Shares of Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) traded up 0.1% during trading on Tuesday . The company traded as high as $23.49 and last traded at $23.49. 1,943 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 3,738 shares. The stock had previously closed at $23.46.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Up 0.1 %

The stock’s 50 day simple moving average is $23.50 and its 200 day simple moving average is $23.26.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th will be paid a $0.3047 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.22 dividend on an annualized basis and a yield of 5.19%.

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.