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

On 8/18/14, Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock (NASD: GAINP) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 8/29/14. As a percentage of GAINP's recent share price of $26.36, this dividend works out to approximately 0.56%, so look for shares of GAINP to trade 0.56% lower — all else being equal — when GAINP shares open for trading on 8/18/14. On an annualized basis, the current yield is approximately 6.71%, which compares to an ...