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Land This Cheap 9.1% Yield Dividend Stock Even Lower Than President Marcotte Did

By Dividend Channel Staff, Thursday, September 7, 3:11 PM ET
Play Video: One Reason For Insiders to Buy

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 31, Gladstone Capital Corporation's President, Robert L. Marcotte, invested $36,880.00 into 4,000 shares of GLAD, for a cost per share of $9.22. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Thursday, bargain hunters could buy shares of Gladstone Capital Corporation (NASDAQ:GLAD) and achieve a cost basis 1.1% cheaper than Marcotte, with shares changing hands as low as $9.12 per share. Gladstone Capital Corporation shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of GLAD shares, versus its 200 day moving average:

Gladstone Capital Corporation Chart

Looking at the chart above, GLAD's low point in its 52 week range is $7.33 per share, with $10.12 as the 52 week high point that compares with a last trade of $9.20. By comparison, below is a table showing the prices at which GLAD insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
03/09/2017 Robert L. Marcotte President 10,000 $8.96 $89,642.55
08/31/2017 Robert L. Marcotte President 4,000 $9.22 $36,880.00

The current annualized dividend paid by Gladstone Capital Corporation is $0.84/share, currently paid in monthly installments, and its most recent dividend has an upcoming ex-date of 09/19/2017. Below is a long-term dividend history chart for GLAD, which can be of good help in judging whether the most recent dividend with approx. 9.1% annualized yield is likely to continue.

According to the ETF Finder at ETF Channel, GLAD makes up 1.09% of the BDC Income ETF (AMEX:BIZD) which is trading higher by about 0.2% on the day Thursday.

See what other ETFs contain GLAD
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This Article's Word Cloud:   AMEX   According   Arial   August   BIZD   Back   Bargain   Bargains   Below   Capital   Channel   Cheaper   Corporation   GLAD   Gladstone   Marcotte   President   Robert   Seven   Thursday   about   annualized   below   buying   chart   cost   currently   dividend   escape   fillColor   hunters   insider   last   most   only   other   paid   point   reason   recent   share   shares   stock   that   their   trading   week   what   which   with

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