Gladstone’s 10.4% Yield Survives Rate Freeze With Modest Leverage and Loan Growth
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Gladstone Capital (GLAD) cut its monthly distribution from $0.165 to $0.15 per share and now covers it with net investment income of approximately 1.1 times, down from a cushion that allowed higher payments, as portfolio yield compressed from 13.9% to 12.2% following
Quick Read
Gladstone Capital (GLAD) cut its monthly distribution from $0.165 to $0.15 per share and now covers it with net investment income of approximately 1.1 times, down from a cushion that allowed higher payments, as portfolio yield compressed from 13.9% to 12.2% following
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