Gladstone Capital

GLAD

Market cap $441M

MCLEAN, VA / ACCESS Newswire / October 14, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions for October, November and December 2025 and also announced its plan to report earnings for its fourth fiscal quarter ended September 30, 2025. Cash Distributions: Common Stock: $0.15 per share of common stock for each of October, November and December 2025, payable per the table below.

We take a look at the action in business development companies through the first week of September and highlight some of the key themes we are watching. BDCs were mostly down on the week as valuations remain attractive in aggregate. Gladstone Capital Corp. issued a high-coupon convertible bond, reflecting limited growth prospects.

The Dividend Power strategy highlights 35 high-yield stocks, with 12 'safer' picks offering free cash flow yields above dividend yields and fair valuations. Top five 'safer' Dividend Power stocks for September are Carlyle Secured Lending (CGBD), Stellus Capital (SCM), Blue Owl Capital (OBDC), SLR Investment (SLRC), and Seven Hills Realty (SEVN). Analyst projections suggest the top ten Dividend Power stocks could deliver average net gains of 43.3% by September 2026, though risk and volatility vary.

MCLEAN, VA / ACCESS Newswire / September 15, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced that it plans to redeem all of its outstanding 5.125% Notes due 2026 (the "2026 Notes") on October 31, 2025 and all of its outstanding 7.75% Notes due 2028 (the "2028 Notes") on October 15, 2025. A notice of redemption will be mailed to all registered holders of the 2026 Notes and the 2028 Notes by U.S. Bank Trust Company, National Association (the "Trustee"), in accordance with the terms of the Indenture, dated as of November 6, 2018, between the Company and the Trustee, and Section 1.01(g) of each of the Third Supplemental Indenture dated as of December 15, 2020 and the Fifth Supplemental Indenture dated as of August 17, 2023 (collectively, the "Indenture").

MCLEAN, VA / ACCESS Newswire / September 13, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following additional supplemental cash distribution to common stockholders payable in September 2025. Common Stock: A supplemental distribution of $0.10 per share of common stock in September 2025 payable per the table below.

MCLEAN, VA / ACCESS Newswire / September 9, 2025 / Gladstone Capital Corporation (NASDAQ:GLAD) (the "Company") today announced that it priced a registered public offering of $130.0 million aggregate principal amount of 5.875% convertible notes due 2030 (the "Notes") at an issue price of 98.5% of the principal amount thereof on September 9, 2025. In addition, the Company granted the underwriter of the Notes a 30-day option to purchase up to an additional $19.5 million in aggregate principal amount of the Notes to cover overallotments, if any.

MCLEAN, VA / ACCESS Newswire / September 8, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced the commencement of a registered public offering of $110 million aggregate principal amount of unsecured convertible notes due 2030 (the "Notes"). In addition, the Company expects to grant the underwriter of the Notes an option to purchase up to an additional $16.5 million in aggregate principal amount of the Notes.

Imagine stocks and funds paying you dividends monthly! Your angst awaiting dividend payout is reduced 300%, or more, compared to quarterly, semi-annual, or (ugh) annual doles! September U.S. exchange-traded-monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks-by-yield (77); 2. Stocks-by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >10% (80); 4. ‘Safer' Ideal-Dividend-Equities by Cash Flow Margins (31). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. 5. Safer Equity Rankings All per prices as of 8/29/25.

I maintain a Hold rating on GLAD due to underwhelming earnings, declining NAV, and weak dividend coverage despite its attractive yield. GLAD trades at a significant premium to NAV, which I find unjustified given flat earnings, limited new investments, and modest portfolio growth. Dividend coverage is thin, with net investment income barely supporting distributions, making the payout vulnerable to negative portfolio shifts or lower rates.

Gladstone Capital. (NASDAQ:GLAD ) Q3 2025 Earnings Conference Call August 5, 2025 8:30 AM ET Company Participants Catherine Gerkis - Director of Investor Relations & ESG David John Gladstone - Chairman & CEO Nicole Schaltenbrand - CFO & Treasurer Robert L.