Gladstone Investment's Series A Preferred Stock Yield Pushes Past 7%

In trading on Wednesday, shares of Gladstone Investment Corp's 7.125% Series A Cumulative Term Preferred Stock (GAINP) were yielding above the 7% mark based on its monthly dividend (annualized to $1.7812), with shares changing hands as low as $25.42 on the day. This compares to an average yield of 5.68% in the "Financial" preferred stock category, according to Preferred Stock Channel..
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