From 24/7 Wall St. · Chris Lange · · 1m 30s
One Income Family, Four Monthly Checks: Gladstone Dividend Lineup
One Virginia firm pays four monthly dividends from loans, buyouts, industrial leases, and farmland.
In brief
One Virginia firm pays four monthly dividends from loans, buyouts, industrial leases, and farmland. Gladstone's four dividend streams cover different risks: loan income, buyout equity, rent, and crop revenue. Originally reported by 24/7 Wall St..
Gladstone Dividend Lineup Overview
One Virginia management team runs four separate monthly dividend streams across loans, buyouts, industrial leases, and farmland.
Gladstone Capital: Loan Income Payout
Gladstone Capital (NASDAQ:GLAD) pays $0.15 monthly from loans to small private companies with a 11.8% weighted-average yield.
Gladstone Capital: Dividend Safety
Fiscal third-quarter net investment income covered 109% of quarterly distributions, with $60 million of 7% notes due december 2029.
Gladstone Investment: Base Pay Plus Buyout Upside
Gladstone Investment (NASDAQ:GAIN) pays $0.08 monthly with potential supplementals from company sales.
Gladstone Investment: Dividend Safety
Adjusted net investment income covered the base distribution and beat consensus with $405 million credit facility.
Gladstone Commercial: Rent Checks
Gladstone Commercial (NASDAQ:GOOD) pays $0.10 monthly from 151 industrial properties under net leases.
Gladstone Commercial: Dividend Safety
Cash rent collection was 100% every month of the second quarter and through july with 98.7% leased portfolio.
Gladstone Land: Farmland Income
Gladstone Land (NASDAQ:LAND) pays $0.0467 monthly from farmland leased to farmers with permanent crops.
Gladstone Land: Dividend Safety
First-quarter adjusted FFO was $0.08 per share with a second-quarter GAAP loss of $0.32.
Four Checks, Four Different Engines
All four streams share one ex-dividend calendar and cover credit, buyout equity, industrial rent, and crop revenue.
The one thing
Gladstone's four dividend streams cover different risks: loan income, buyout equity, rent, and crop revenue.
