Gladstone Cap: Dividend Insights
Portfolio Pulse from Benzinga Insights
Gladstone Cap (NASDAQ:GLAD) announced it will pay shareholders a monthly dividend of 8.25 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 8.25 cents lower. Shareholders who own GLAD as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
October 16, 2023 | 2:45 pm
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Gladstone Cap's announcement of a monthly dividend of 8.25 cents per share may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract income-focused investors.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. This could lead to a short-term decrease in GLAD's stock price. However, the announcement of a regular dividend could make the stock more attractive to income-focused investors in the longer term.
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