Thinking about putting a chunk of my savings into this for the ~6% dividends which are paid monthly. Does anyone else have companies they recommend for this?
Gladstone look like they are a reliable payer and the share price is stable. That is what I am looking for, not too interested in share price growth. I am interested in putting a list together of companies that pay regular dividends >4% and the share price is relatively stable (treating the stock like a savings account where dividends mimic interest).
I love this stock and it is my go to place for all dividends payments as it can be fractional so clears up any change I gain. Super reliable and 6.95% compounding is great as a base to my portfolio.
So any other similar companies I would happily add to my list to spread risk etc.
I invested £600 into $GLAD yesterday. The 15% US Tax on dividends makes me cry a little.
Here are some UK stocks I have identified but need to research more. My initial screening was that they must pay high dividends and have no ongoing charges. Just thought I’d let you know:
I have these ones but will have a gander at the others My main reason for the GLAD is that it is the highest % and after the 15% of the dividend it is still pretty much up with the best but also it is very stable and monthly which others don’t tend to be. Also, it was a good example for the off setting of the monthly charges on FT.
Net assets value at 31st March was $9.49 per share so we’re paying a premium over this.
Gladstone are in the loan business with 90% of loans at floating rates while 90% of debts are fixed so they stand to gain nicely if rates rise a little. The risk would be on defaults as they tend to loans larger amounts as opposed to spreading risk. They’re longer term loans that often support private equity companies.
I like the company and have it as my largest dividend holding. How about we find a way of stopping the 15% with holding tax @adam