Gladstone Capital: This 9.6% Dividend Yield Is Still A Buy [Seeking Alpha]
Gladstone Capital Corporation - Closed End Fund (GLAD)
Last gladstone capital corporation - closed end fund earnings: 2/5 04:30 pm
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US:NASDAQ Investor Relations:
ir.gladstonecapital.com
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Source: Seeking Alpha
The BDC currently offers a 9.6% dividend yield, with its fiscal 2024 first quarter NII per share covering its dividend by 110%. Non-performing debt also dipped by 100 basis points to 0.4% of GLAD's total debt portfolio at the end of the first quarter, with the BDC prioritizing first lien originations. I rated Gladstone Capital ( NASDAQ: GLAD ) as a buy when I last covered the business development company. Total returns since then have been marginally positive, at just over 6%. The BDC just reported fiscal 2024 first-quarter earnings, ending December 31st, 2023, with total and net investment income underperforming versus consensus estimates. Total investment income for the first quarter at $23.2 million dipped by $600,000 sequentially but grew by 20.4% over its year-ago comp. The BDC also declared a monthly cash dividend of $0.0825 per share , kept unchanged from the prior month and $0.99 per share annualized, for a 9.6% dividend yield. Critically, first-quarter NII per share at $
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GLAD
News
- 2 Winning Bonds For 2024, Yields Up To 9% [Seeking Alpha]Seeking Alpha
- Gladstone Capital Co. (NASDAQ: GLAD) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- BDC Weekly Wrap: BDCs And Excess Risk-Adjusted Returns [Seeking Alpha]Seeking Alpha
- Gladstone Capital: Good Entry Point For This Strongly Performing BDC [Seeking Alpha]Seeking Alpha
- Gladstone Capital Co. (NASDAQ: GLAD) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
GLAD
Earnings
- 2/5/24 - Miss
GLAD
Sec Filings
- 4/9/24 - Form 8-K
- 4/5/24 - Form 8-K
- 4/1/24 - Form 8-K
- GLAD's page on the SEC website