On 11/12/13, 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 11/29/13. 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 11/12/13. On an annualized basis, the current yield is approximately 6.75%, which compares to an average yield of 7.09% in the "Asset Management" preferred stock category, according to Preferred Stock Channel.
As of last close, GAINP was trading at a 5.60% premium to its liquidation preference amount, versus the average premium of 4.96% in the "Asset Management" category. 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 1.18% of the BDC Income ETF (BIZD) which is trading relatively unchanged on the day Friday.