The Group Chat: Buongiorno

It might actually make you MAD... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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View in browser SPONSORED Man Who Called 2025 Crash: "Jan. 20 Will Spark Panic" Beginning days from now, a U.S. government-based pattern ensures a 70% probability of a huge shift in 2026. Stocks could move as much as 20%. But if you understand how this move will take shape and why it's happening - along with the secret to play it - it'll open the most lucrative trading opportunity in 21 years. Click here to learn more. SAFETY NET This 8.6% Yielder Won't Make You Glad Marc Lichtenfeld, Chief Income Strategist, The Oxford Club In May of 2024, I looked at Gladstone Capital's (Nasdaq: GLAD) dividend safety, giving it a "B" rating. At the time, the only issue was a small dividend cut of just a cent per month in 2020. Net investment income was growing, and the company was paying out less in dividends than it was making in net investment income. Gladstone Capital is a business development company, or BDC. It invests in or lends money to businesses, and its cash flow is called net investment income. (It's not to be confused with real estate investment trust Gladstone Commercial Corp., which I evaluated last month.) As we examine Gladstone today, the numbers aren't as problem-free as they were nearly two years ago. In fiscal 2025, which ended in September, Gladstone generated $45 million in net investment income. That was almost a million dollars less than the previous year. A bigger issue is that it paid out $55.5 million in dividends, or 123% of its net investment income. SPONSORED Palm Beach Millionaire Is Giving Away His Top Income Secrets... FREE OF CHARGE. CLICK HERE I'm comfortable with BDCs paying out up to 100% of their cash flow in dividends. A payout ratio of 123% is a big concern. This year, net investment income is projected to go back to growth mode, rising to $47.9 million. However, even if it does grow as expected, dividends paid is forecast to grow even more to $62.9 million, or 131% of net investment income. View larger image   Gladstone Capital cut its dividend again in 2025, this time from $0.165 per month to $0.15. Management said the reason for the cut was that interest rates and expected future rate decreases "no longer support the current dividend rate." The $0.15 monthly dividend comes out to $1.80 annually, or an 8.6% yield. Is there any reason to be "glad" about Gladstone's dividend safety? Find Out Here BUILD AND PROTECT YOUR WEALTH Forget Diversification. Discover Why 99% of Stocks Are Deadweight and How Focusing on 1 Ticker Holds the Real Key to Massive Profits. [Watch Video] Three Simple Steps That Guarantee Higher Returns In 2026 New IPO Signs MAJOR Deal with Apple Until 2040. Will It Be the Next Trillion Dollar Company? How "Nested Squeezes" Can Lead to Huge Gains (Three 100% Winners) MORE FROM WEALTHY RETIREMENT "Nobody Knows Nothin'" About the Markets How to Not Get Blindsided by a Bear Market A Reality Check in a Fast-Moving Market Safety Net: The Great Dividend Predictor Facebook LinkedIn Email Share Push Alert SPONSORED Man Who Called Nvidia at $1.10: THIS TRUMP TRADE Could Create the Next Trillion Dollar Company Biggest Tech Firms in the World are Loading Up! And Apple Just Signed a Deal Through 2040. Get the Whole Story on the #1 Trump Stock for His Second Term. You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. Privacy Policy | Whitelist Wealthy Retirement | Unsubscribe © 2026 The Oxford Club, LLC All Rights Reserved The Oxford Club | 105 West Monument Street | Baltimore, MD 21201 North America: 866.237.0436 | International: +1.443.353.4540 Oxfordclub.com Nothing published by The Oxford Club should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. 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