Ex-Div Reminder For Gladstone Capital Corporation's Series 2016 Preferred Stock

On 10/18/13, Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock (GLADP) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 10/31/13. As a percentage of GLADP's recent share price of $25.60, this dividend works out to approximately 0.58%, so look for shares of GLADP to trade 0.58% lower — all else being equal — when GLADP shares open for trading on 10/18/13. On an annualized basis, the current yield is approximately 6.96%, which compares to an average yield of 6.07% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, GLADP was trading at a 2.40% premium to its liquidation preference amount.The chart below shows the one year performance of GLADP shares, versus GLAD:

Performance Comparison Chart

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:

GLADP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Gladstone Capital Corporation ( GLAD) makes up 1.13% of the BDC Income ETF (BIZD) which is trading up by about 0.7% on the day Wednesday.

In Wednesday trading, Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock ( GLADP) is currently trading flat on the day, while the common shares ( GLAD) are up about 0.6%.

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