Gladstone Investment Corp's Series A Cumulative Term Preferred Stock About To Put More Money In Your Pocket

On 2/14/14, 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 2/28/14. As a percentage of GAINP's recent share price of $26.25, 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 2/14/14. On an annualized basis, the current yield is approximately 6.80%, which compares to an average yield of 5.76% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, GAINP was trading at a 4.80% premium to its liquidation preference amount. The chart below shows the one year performance of GAINP shares, versus GAIN:

Performance Comparison Chart

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 :

GAINP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Gladstone Investment Corp ( GAIN) makes up 1.14% of the BDC Income ETF (BIZD) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock ( GAINP) is currently up about 0.2% on the day, while the common shares ( GAIN) are up about 3.8%.

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