Gladstone Investment Corporation (GAIN)
Gladstone Investment: Stronger Dividend Coverage Needed To Offset Interest Rate Cuts (Rating Downgrade)
Business development companies remain attractive for investors in high interest rate environments, but changing macroeconomic conditions may impact Gladstone Investment. GAIN currently has a dividend yield of 7.5% and distributions are paid out on a monthly basis. GAIN's dividend is fully covered by net investment income, but could definitely be improved.
Gladstone Investment Announces Monthly Cash Distributions for July, August and September 2024, and Earnings Release and Conference Call Dates for the First Fiscal Quarter
MCLEAN, VA / ACCESSWIRE / July 9, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to common stockholders. The Company also announced its plan to report earnings for its first fiscal quarter ended June 30, 2024.
3 Business Development Companies Yielding Over 5%
Business development companies (BDCs) typically have high dividend yields, as they are required to distribute substantially all — at least 90% — of their earnings to shareholders. BDCs receive favorable tax treatment and, in return, they aren't allowed to retain earnings in the same way other companies are.
