On 10/18/13, Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock (GAINP) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 10/31/13. As a percentage of GAINP's recent share price of $26.49, this dividend works out to approximately 0.56%, so look for shares of GAINP to trade 0.56% lower — all else being equal — when GAINP shares open for trading on 10/18/13. On an annualized basis, the current yield is approximately 6.72%, which compares to an average yield of 6.07% in the "Financial" preferred stock category, according to Preferred Stock Channel.
As of last close, GAINP was trading at a 5.96% premium to its liquidation preference amount. 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 (GAIN) makes up 1.15% of the BDC Income ETF (BIZD) which is trading relatively unchanged on the day Wednesday.