Welcome to our dedicated page for Gladstone Capital news (Ticker: GLAD), a resource for investors and traders seeking the latest updates and insights on Gladstone Capital stock.
Gladstone Capital Corporation reports developments for a publicly traded business development company that invests in debt and equity securities of lower middle market businesses in the United States. Its recurring news centers on quarterly and annual results, portfolio activity, net asset value, investment income, secured first and second lien term loans, and limited equity exposure within its investment portfolio.
Company updates also cover monthly cash distributions on common stock and 6.25% Series A Cumulative Redeemable Preferred Stock, earnings-call schedules, financing activity, and governance matters such as executive succession and board-related announcements.
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Gladstone Capital Corporation (Nasdaq:GLAD) has announced an increase in monthly cash distributions, raising the amount from $0.075 to $0.08 per share for April, May, and June 2023. This represents a 6.7% increase in distribution rates. The distributions are scheduled as follows:
- April 21 (Record Date) - April 28 (Payment Date) - $0.08
- May 23 - May 31 - $0.08
- June 21 - June 30 - $0.08
The total distribution for the quarter amounts to $0.24. Additionally, the Company is set to report its earnings for the second fiscal quarter on May 2, 2023, followed by a conference call on May 3, 2023. Investors can participate in the call by dialing (866) 424-3437.