Business Development Gains
When I saw that Gladstone Investment had sold their interest in Counsel Press for a capital gain, I was pleased. However, a capital gain is not the only gain that was reported. The gain resulted in another gain that resulted in a gain in the share price.
Then I saw GAIN declared an $0.88 special dividend for 2023 Q4. This is in addition to the $0.12 special dividend and the regular monthly dividends of $0.08 per share. As a result, the total Q4 per share dividend is $1.16 per share.
Some investors who see this type of dividend often flock to buy more shares. That is happening this morning. However, as is usually the case, trading volume is relatively light with only 120,000 shares traded by 10 AM. It is interesting to see that the current price is $0.73 more than yesterday’s closing price. In other words, buyers are paying for the $0.88 dividend.
Full Disclosure
Cindie and I own 4,400 shares of GAIN as a long-term investment. GAIN is not for the risk-averse investor, but it is an excellent BDC for income. I do not trade options on our GAIN shares.
Know Your Flocks & Herds 