Gladstone Commercial Co. Declares Monthly Dividend of $0.13 (NASDAQ:GOODO)

Gladstone Commercial Co. (NASDAQ:GOODO) declared a monthly dividend on Tuesday, January 13th. Shareholders of record on Friday, January 23rd will be given a dividend of 0.125 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, January 23rd.

Gladstone Commercial Stock Performance

Shares of NASDAQ:GOODO traded up $0.06 during midday trading on Wednesday, hitting $20.86. 4,524 shares of the stock were exchanged, compared to its average volume of 9,978. The business’s 50-day moving average price is $20.27 and its 200 day moving average price is $20.31. Gladstone Commercial has a 12 month low of $18.30 and a 12 month high of $21.37.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.

Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.