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.
As of last close, GLADP was trading at a 2.60% premium to its liquidation preference amount. The chart below shows the one year performance of GLADP shares, versus GLAD:
Below is a dividend history chart for GLADP, showing historical dividends prior to the most recent $0.1484 on Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock:
According to the ETF Finder at ETF Channel, Gladstone Capital Corporation (GLAD) makes up 1.12% of the BDC Income ETF (BIZD) which is trading higher by about 0.5% on the day Friday.