Gladstone Investment: Dividend Coverage Dips As NAV Strengthens

2026-02-24 17:56:09 ET

Gladstone Investment ( GAIN ) is paying out a modest base dividend yield that's not fully covered, with the commons largely spared from the SaaSpocalypse-related selloff in private credit tickers with a more significant credit allocation to software companies. The BDC is flat over the last year, last declaring a base monthly cash dividend of $0.08 per share , kept unchanged from its prior distribution, and $0.96 per share annualized for a ~7% dividend yield. The base dividend yield is low compared to the BDC average, with the VanEck BDC Income ETF ( BIZD ) paying out a 12.7% dividend yield. This base dividend yield is actually lower than investment-grade-rated BDCs like Capital Southwest ( CSWC ) and Hercules Capital ( HTGC ). GAIN has kept its regular monthly distributions stable at $0.08 per share for four years, last raising the distribution by 6.7% in 2022 for a 3-year compound annual growth rate of 1.25%....

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