Markets

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

On 5/15/15, 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 5/29/15. As a percentage of GAINP's recent share price of $25.77, this dividend works out to approximately 0.58%, so look for shares of GAINP to trade 0.58% lower - all else being equal - when GAINP shares open for trading on 5/15/15. On an annualized basis, the current yield is approximately 6.89%, which compares to an average yield of 5.67% 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

In Wednesday trading, Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock (Symbol: GAINP) is currently down about 0.3% on the day, while the common shares (Symbol: GAIN) are up about 0.3%.

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 Nasdaq, Inc.


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

In This Story

GAIN

Other Topics

Investing