Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock Ex-Dividend Reminder

By
A A A

On 6/17/14, Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock (Symbol: GAINP) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 6/30/14. As a percentage of GAINP's recent share price of $26.16, this dividend works out to approximately 0.57%, so look for shares of GAINP to trade 0.57% lower - all else being equal - when GAINP shares open for trading on 6/17/14. On an annualized basis, the current yield is approximately 6.80%, which compares to an average yield of 5.52% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GAINP shares, versus GAIN:

Performance Comparison Chart


Below is a dividend history chart for GAINP, showing historical dividends prior to the most recent $0.1484 on Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock :

GAINP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Gladstone Investment Corp (Symbol: GAIN) makes up 1.05% of the BDC Income ETF ( BIZD ) which is trading up by about 0.1% on the day Friday.

In Friday trading, Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock (Symbol: GAINP) is currently off about 0.1% on the day, while the common shares (Symbol: GAIN) are off about 0.7%.

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 , GAINP , GAIN

BNK Invest

BNK Invest

More from BNK Invest:

Related Videos

Stocks

Referenced

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com