2024-03-09 08:15:00 ET
Summary
- Gladstone Capital is a BDC designed for high-income and currently offers an appealing 9.7% dividend yield.
- GLAD focuses on making loans to the lower middle market and has a portfolio spread across 12 industries.
- GLAD has demonstrated steady growth in NAV/share and NII/share, and carries a low debt-to-equity ratio, giving it plenty of capacity to fund opportunistic growth.
Being an income investor can be rewarding in many ways. While I now have a fair amount of income from investments to cover a good portion of my monthly recurring expenses like utilities, food, and entertainment, it would have been daunting if that was my goal from the outset....
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Gladstone Capital: 10% Yield To Build Your Cashflow Brick By Brick