2024-03-12 23:47:03 ET
Summary
- Gladstone Capital Corporation reported decent dividend payout metrics and grew its net asset value in the most recent quarter.
- GLAD has a growing loan portfolio, with a boost in originations from higher net new investment activity.
- The dividend seems well-covered, but the BDC's net asset value premium may not be justified. Hold classification recommended.
Gladstone Capital Corporation ( 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....
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Gladstone Capital: This 10% Yield Seems Sustainable For Now (Rating Upgrade)