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.
Cash Dividend On The Way From Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock
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