Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ – Get Free Report) was up 0.5% during mid-day trading on Monday . The stock traded as high as $24.34 and last traded at $24.3360. 3,906 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 5,481 shares. The stock had previously closed at $24.21.
Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance
The stock’s 50 day moving average is $24.04 and its two-hundred day moving average is $24.05.
Gladstone Investment Co. 4.875% Notes due 2028 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.3047 per share. This represents a $1.22 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, July 15th.
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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