Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Shares Down 0.5% – Here’s Why

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN)’s share price fell 0.5% on Monday . The stock traded as low as $24.65 and last traded at $24.75. 18,498 shares were traded during mid-day trading, an increase of 133% from the average session volume of 7,927 shares. The stock had previously closed at $24.88.

Gladstone Investment Co. 5.00% Notes Due 2026 Trading Down 0.5 %

The company has a 50 day moving average of $24.88 and a two-hundred day moving average of $24.70.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.3125 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.25 annualized dividend and a dividend yield of 5.05%.

About Gladstone Investment Co. 5.00% Notes Due 2026

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.