The Gladstone Companies

While I'm primarily a Dividend Growth Investor, there are times when the market looks like it's about to roll over, or at least stall, and I fall back into a more conservative mode of investing. And that investing is in income producing companies. For me that means investing and reinvesting any available funds in the Gladstone companies. Each one is different and invests in different areas of the economy so there's probably a Gladstone Company that fits most needs. As for me, I like and own them all. 

Gladstone Capital’s debt investments primarily consist of three types of loans to small and medium sized businesses in the US: senior term loans, senior subordinated loans, and junior subordinated loans.  Loans range from $5 million to $30 million with terms of up to seven years.  The company's equity investments typically take the form of preferred or common equity.  Historically the company aims to maintain a portfolio consisting of approximately 90% debt investments and 10% equity investments, at cost. The company's goals are to achieve and grow current income through their debt investments that allow distributions to shareholders to grow over time and provide shareholders with long term appreciation in the value of their assets by investing in equity securities that can grow over time. Gladstone Capital pays a monthly dividend at the end of each month. The company's current dividend is 9.16%.
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Gladstone Investment makes debt and equity investments in established private businesses in the US. Debt investments primarily come in the form of three types of loans: senior term loans, senior subordinated loans and junior subordinated debt.  Equity investments primarily take the form of preferred or common equity often in connection with buyouts and other recapitalizations.  The company's investments typically range from $5 to $30 million, and aims to maintain an investment allocation of approximately 75% in debt securities and 25% in equity securities. The company's investment objectives are to achieve and grow current income by investing in debt securities of established businesses that they believe will provide stable earnings and cash flow to pay expenses, make principal and interest payments on our outstanding indebtedness and make distributions to stockholders that we anticipate will grow over time and to provide the company's shareholders with long-term capital appreciation in the value of their assets by investing in equity securities of established businesses that they hope will appreciate over time so that we can sell them for capital gains. Gladstone Investment pays a monthly dividend at the end of each month. The company's current dividend is 8.17%.
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Gladstone Commercial is a real estate investment trust and its typical investment ranges from $5 million to $20 million.  Gladstone Commercial’s portfolio of real estate is leased to a wide cross section of tenants ranging from small businesses to large public companies, many of which are corporations that do not have publicly rated debt.  Gladstone Commercial intends to continue to enter into purchase agreements for real estate with existing triple net leases with terms of approximately 10 to 15 years, with built in rental increases. Gladstone Commercial provides two types of real estate transactions:

• They purchase real estate already owned by a business and lease it back to them; therefore freeing up their equity in the real estate
• They buy real estate that is already leased to good tenants

Gladstone Commercial pays a monthly dividend at the end of each month. The company's current dividend is 7.37%.
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Gladstone Land Corporation, an externally-managed agricultural real estate investment trust, owns and leases farmland to corporate and independent farmers in the United States. The company’s farms allow its tenants to grow row crops, such as lettuce and tomatoes; and berries comprising strawberries and raspberries. As of December 28, 2015, it owned 43 farms covering an area of 16,810 acres located in 6 states across the United States. The company also leases a parcel on its farm near Oxnard, California to an oil company. Gladstone Land Corporation was founded in 1997 and is based in McLean, Virginia. Gladstone Land pays a monthly dividend at the end of each month. The company's current dividend is 4.36%.
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