Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Stock Price Down 0.2% – Here’s What Happened

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN)’s share price dropped 0.2% during trading on Monday . The company traded as low as $24.60 and last traded at $24.63. Approximately 1,901 shares were traded during trading, a decline of 71% from the average daily volume of 6,495 shares. The stock had previously closed at $24.67.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

The stock has a 50 day simple moving average of $24.57 and a two-hundred day simple moving average of $24.48.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Wednesday, January 15th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.