Gladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) declared a monthly dividend on Tuesday, April 14th. Shareholders of record on Wednesday, May 20th will be paid a dividend of 0.125 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Wednesday, May 20th.
Gladstone Commercial Stock Performance
Gladstone Commercial stock opened at $20.27 on Monday. Gladstone Commercial has a one year low of $19.42 and a one year high of $22.20. The stock’s fifty day moving average price is $19.92 and its two-hundred day moving average price is $20.18.
About Gladstone Commercial
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.
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