Gladstone Capital Corp. Declares Monthly Dividend of $0.07 (GLAD)
Gladstone Capital Corp. (NASDAQ:GLAD) announced a monthly dividend on Wednesday, October 9th, AmericanBankingNews.com reports. Shareholders of record on Monday, December 16th will be paid a dividend of $0.07 per share on Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 9.72%. The ex-dividend date is Thursday, December 12th.
A number of research firms have recently commented on GLAD. Analysts at Zacks upgraded shares of Gladstone Capital Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $9.40 price target on the stock. On the ratings front, analysts at Hilliard Lyons downgraded shares of Gladstone Capital Corp. to an “underperform” rating in a research note to investors on Thursday, August 1st.
Gladstone Capital Corp. (NASDAQ:GLAD) traded down 0.12% on Wednesday, hitting $8.64. The stock had a trading volume of 91,779 shares. Gladstone Capital Corp. has a 52-week low of $7.25 and a 52-week high of $9.46. The stock’s 50-day moving average is $8.48 and its 200-day moving average is $8.64. The company has a market cap of $181.4 million and a price-to-earnings ratio of 20.16.
Gladstone Capital Corporation operates as a closed-end, non-diversified management investment company.
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