Gladstone Investment Co. 4.875% Notes due 2028 Plans Quarterly Dividend of $0.30 (NASDAQ:GAINZ)

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) announced a quarterly dividend on Monday, March 16th. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.3047 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Wednesday, April 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Down 1.0%

Shares of NASDAQ:GAINZ traded down $0.24 during trading on Monday, hitting $23.92. 7,432 shares of the company were exchanged, compared to its average volume of 5,731. Gladstone Investment Co. 4.875% Notes due 2028 has a 12-month low of $22.21 and a 12-month high of $24.30. The firm’s 50 day moving average price is $24.04 and its 200-day moving average price is $23.92.

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.