Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Shares Up 0.1% – What’s Next?

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) shares rose 0.1% on Wednesday . The stock traded as high as $25.25 and last traded at $25.1250. Approximately 12,128 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 7,073 shares. The stock had previously closed at $25.09.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

The firm’s fifty day moving average is $25.06 and its 200 day moving average is $25.04.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Wednesday, October 15th.

About Gladstone Investment Co. 5.00% Notes Due 2026

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.