Gladstone Capital Corporation(NASDAQ:GLAD) Declares Dividend of $0.0700.

Gladstone Capital Corporation (NASDAQ:GLAD) had declared a cash dividend of $0.0700 on Apr 12, 2016. The shares will quote ex-dividend on Apr 20, 2016 and the record date has been fixed on Apr 22, 2016. At Apr 12, 2016 share price, the yield comes out to be 11.5543%. The dividend payable date has been fixed on May 2, 2016.

Gladstone Capital Corporation (GLAD) made into the market gainers list on Fridays trading session with the shares advancing 0.27% or 0.02 points. Due to strong positive momentum, the stock ended at $7.44, which is also near the day’s high of $7.48. The stock began the session at $7.4 and the volume stood at 52,702 shares. The 52-week high of the shares is $9.25 and the 52 week low is $4.71. The company has a current market capitalization of $174 M and it has 2,34,31,622 shares in outstanding.

Gladstone Capital Corporation(GLAD) last announced its earnings results on Feb 8, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $10.06M. Analysts had an estimated revenue of $10.12M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Robert L Marcotte (President) purchased 6,000 shares at $7.13 per share price.Also, On Feb 29, 2016, David Gladstone (CEO) purchased 3,925 shares at $6.37 per share price.On Dec 16, 2015, John Dellafiora (Chief Compliance Officer) purchased 700 shares at $6.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Gladstone Capital Corporation is an externally managed closed-end non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that its believes can grow over time to permit the Company to sell its equity investments for capital gains. Its investment strategy is to invest in several categories of debt and equity securities with each investment generally ranging from $5 million to $25 million although investment size may vary depending upon its total assets or available capital at the time of investment.

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