Gladstone Inv's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend of 8 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday's session will be eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 8 cents lower on Monday due to the dividend payout.
January 17, 2024 | 2:45 pm
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Gladstone Investment Corporation announced a monthly dividend of 8 cents per share. The stock will likely open 8 cents lower on Monday due to the ex-dividend date effect.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend payment is factored into the stock price. Since GAIN is paying an 8 cents per share dividend, it is likely to open 8 cents lower on the ex-dividend date, which is a predictable short-term impact.
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