Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Announces $0.31 Quarterly Dividend

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) declared a quarterly dividend on Monday, March 16th. Investors of record on Wednesday, April 15th will be given a dividend of 0.3125 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, April 15th.

Gladstone Investment Co. 5.00% Notes Due 2026 Trading Down 0.3%

GAINN traded down $0.07 during trading hours on Monday, reaching $25.11. The company’s stock had a trading volume of 3,308 shares, compared to its average volume of 3,121. Gladstone Investment Co. 5.00% Notes Due 2026 has a fifty-two week low of $24.57 and a fifty-two week high of $25.46. The business’s 50-day moving average is $25.05 and its 200-day moving average is $25.07.

Gladstone Investment Co. 5.00% Notes Due 2026 Company Profile

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.