Gladstone Capital Corporation
GLADFinancial Services · Stock · monthly payer
Forward Yield
9.37%
Annual Dividend
$1.80
Payout Ratio
87%
5-Yr Growth
3.4%
Ex-Date
Sep 21, 2026
Frequency
Monthly
Summary
As of September 2026, Gladstone Capital Corporation (GLAD) yields 9.37% ($1.80 per share annually), with a blended fair-value estimate of $22.92 — +19% upside, so it screens as undervalued. Dividend safety grade: D (47/100).
Is GLAD a good dividend stock?
MixedGladstone Capital Corporation (GLAD) pays a monthly dividend yielding 9.37% ($1.80/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (87%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 9.37%
- Payout Ratio
- 87%
- Annual Dividend
- $1.80
- 5-Yr Avg Growth
- 3.4%
- Ex-Dividend Date
- Sep 21, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.93
- Market Cap
- $432.0M
- P/E Ratio
- 8.9
- 5-Yr Total Return
- -18%
- 52-Week Range
- $16.54 – $23.34
- Dividend Safety
- D · 47/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
GLAD Price — Last 12 Months
Daily close
Price Return
1 Year
-0%
3 Years
+1%
5 Years
-18%
52-Week Range
$16.54 – $23.34
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GLAD worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Gladstone Capital Corporation is $22.92 per share, versus a market price of $19.31. That implies 19% of upside — a margin of safety of about 16%.
Fair Value
$22.92
Current Price
$19.31
Upside
+19%
Margin of Safety
16%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 0.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.9% discount rate (CAPM), 0.6% stage-1 growth, 2.5% terminal growth, $2.13 EPS, $1.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GLAD Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full GLAD dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 21, 2026 | — | $0.1500 | regular |
| Sep 10, 2026 | — | $0.1800 | regular |
| Aug 18, 2026 | — | $0.1500 | regular |
| Jul 24, 2026 | — | $0.1500 | regular |
| Jun 23, 2026 | — | $0.1500 | regular |
| May 20, 2026 | — | $0.1500 | regular |
| Apr 24, 2026 | — | $0.1500 | regular |
| Mar 23, 2026 | — | $0.1500 | regular |
| Feb 18, 2026 | — | $0.1500 | regular |
| Jan 23, 2026 | — | $0.1500 | regular |
| Dec 22, 2025 | — | $0.1500 | regular |
| Nov 17, 2025 | — | $0.1500 | regular |
| Oct 24, 2025 | — | $0.1500 | regular |
| Sep 23, 2025 | — | $0.1000 | regular |
Income Calculator
At $1.80 / yr per share
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