On 12/16/15, 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 12/31/15. As a percentage of GAINP's recent share price of $25.49, 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 12/16/15. On an annualized basis, the current yield is approximately 7.03%, which compares to an average yield of 5.81% 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 1.13% of the BDC Income ETF ( BIZD ) which is trading lower by about 3.6% on the day Monday.
In Monday trading, Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock (Symbol: GAINP) is currently up about 0.6% on the day, while the common shares (Symbol: GAIN) are up about 4.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.