On 11/12/13, Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock (GLADP) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 11/29/13. As a percentage of GLADP's recent share price of $25.37, this dividend works out to approximately 0.59%, so look for shares of GLADP to trade 0.59% lower — all else being equal — when GLADP shares open for trading on 11/12/13. On an annualized basis, the current yield is approximately 6.94%, which compares to an average yield of 5.83% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder For Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock
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