Ex-Div Reminder For Gladstone Investment Corp's Series A Cumulative Term Preferred Stock

On 6/17/15, 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 6/30/15. As a percentage of GAINP's recent share price of $25.74, this dividend works out to approximately 0.58%, so look for shares of GAINP to trade 0.58% lower — all else being equal — when GAINP shares open for trading on 6/17/15. On an annualized basis, the current yield is approximately 6.92%, which compares to an average yield of 5.75% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, GAINP was trading at a 2.96% premium to its liquidation preference amount, versus the average premium of 1.17% in the "Financial" category. 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 1.01% of the BDC Income ETF (BIZD) which is trading lower by about 0.6% on the day Monday.

In Monday trading, Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock ( GAINP) is currently trading flat on the day, while the common shares ( GAIN) are up about 1.1%.

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Cash Dividend On The Way From Gladstone Investment Series A Cumulative Term Preferred Stock

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