Gladstone Capital: This 10% Yield Seems Sustainable For Now (Rating Upgrade)
Gladstone Capital (GLAD) Seeking Alpha·2024-03-13 11:47
Pixelimage Gladstone Capital Corporation (NASDAQ:GLAD) reported decent dividend payout metrics for the most recent quarter and managed to grow its net asset value by $0.22 per share as well. The business development company has a growing loan portfolio, concentrated in First Liens, and Gladstone Capital's originations got a boost in the last quarter from higher net new investment activity. The dividend seems to be well-covered here with net investment income, but I am on the fence with regard to the BDC's n ...