Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ – Get Free Report) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.3047 per share on Sunday, November 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, October 15th.
Gladstone Investment Co. 4.875% Notes due 2028 Stock Down 0.2%
NASDAQ:GAINZ opened at $24.14 on Thursday. The stock has a 50 day moving average of $24.14 and a 200-day moving average of $24.07. Gladstone Investment Co. 4.875% Notes due 2028 has a 52 week low of $23.58 and a 52 week high of $24.50.
About Gladstone Investment Co. 4.875% Notes due 2028
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.
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