On 2/16/16, 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 2/29/16. As a percentage of GAINP's recent share price of $25.34, this dividend works out to approximately 0.59%, so look for shares of GAINP to trade 0.59% lower - all else being equal - when GAINP shares open for trading on 2/16/16. On an annualized basis, the current yield is approximately 7.09%, which compares to an average yield of 5.97% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GAINP shares, versus GAIN:
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 :
According to the ETF Finder at ETF Channel, Gladstone Investment Corp (Symbol: GAIN) makes up 1.10% of the BDC Income ETF ( BIZD ) which is trading up by about 2% on the day Friday.
In Friday trading, Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock (Symbol: GAINP) is currently up about 0.8% on the day, while the common shares (Symbol: GAIN) are up about 1.3%.