Yesterday we bought a total of 125 shares in Gladstone Capital Corporation (GLAD). That purchase resulted in our estimated 2023 dividends increasing by approximately $103, assuming no dividend reduction.
The ex-dividend date is today, so we will receive dividends on these acquisitions as early as January 31. These acquisitions consist 100% of dividends we received during January. Once again we get to enjoy the effect of interest on interest.
GLAD's current yield is 8.28%, if nothing changes we intend to continue acquiring GLAD. We have a long way to go to our goal of having 1000 pieces in each portfolio.
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