Cash Dividend On The Way From Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock

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On 2/14/14, Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock (Symbol: GLADP) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 2/28/14. As a percentage of GLADP's recent share price of $25.67, this dividend works out to approximately 0.58%, so look for shares of GLADP to trade 0.58% lower - all else being equal - when GLADP shares open for trading on 2/14/14. On an annualized basis, the current yield is approximately 6.93%, which compares to an average yield of 5.76% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GLADP shares, versus GLAD:

Performance Comparison Chart


Below is a dividend history chart for GLADP, showing historical dividends prior to the most recent $0.1484 on Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock:

GLADP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Gladstone Capital Corporation (Symbol: GLAD) makes up 1.12% of the BDC Income ETF ( BIZD ) which is trading higher by about 0.4% on the day Wednesday.

In Wednesday trading, Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock (Symbol: GLADP) is currently trading flat on the day, while the common shares (Symbol: GLAD) are up about 1.5%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: BIZD , GLADP , GLAD

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