Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Stock Price Up 0.5% – What’s Next?

Shares of Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) traded up 0.5% during mid-day trading on Monday . The stock traded as high as $24.34 and last traded at $24.3360. Approximately 3,906 shares traded hands during 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 Price Performance

The business has a 50-day moving average price of $24.03 and a 200 day moving average price of $24.05.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.3047 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.22 dividend on an annualized basis and a yield of 5.0%.

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.