Gladstone Commercial Corporation (NASDAQ:GOOD – Get Free Report) declared a monthly dividend on Tuesday, July 14th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date is Friday, July 24th.
Gladstone Commercial has decreased its dividend payment by an average of 0.0%per year over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Gladstone Commercial to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 84.5%.
Gladstone Commercial Trading Up 0.2%
Shares of Gladstone Commercial stock opened at $12.57 on Wednesday. Gladstone Commercial has a fifty-two week low of $10.33 and a fifty-two week high of $14.17. The firm has a market cap of $608.51 million, a PE ratio of 69.84 and a beta of 1.07. The business’s fifty day moving average is $12.50 and its two-hundred day moving average is $12.05. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 5.13.
About Gladstone Commercial
Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.
The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.
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