Gladstone Commercial Corporation (NASDAQ:GOOD – Get Free Report) announced a monthly dividend on Tuesday, July 14th. Shareholders of record on Monday, September 21st will be paid a dividend of 0.10 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Monday, September 21st.
Gladstone Commercial has decreased its dividend by an average of 0.0%per year over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Gladstone Commercial to earn $1.41 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 85.1%.
Gladstone Commercial Stock Down 1.1%
Gladstone Commercial stock opened at $12.61 on Friday. The company has a 50 day moving average of $12.88 and a 200-day moving average of $12.52. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 5.43. Gladstone Commercial has a twelve month low of $10.33 and a twelve month high of $13.28. The stock has a market capitalization of $610.45 million, a PE ratio of 48.50 and a beta of 1.08.
Gladstone Commercial Company Profile
Gladstone Commercial Corporation is a real estate investment trust (REIT) that owns, acquires, and manages primarily single-tenant and select multi-tenant commercial properties. Its portfolio has historically included industrial, office, medical office, and other commercial real estate leased to businesses under long-term agreements.
The company focuses on properties that can generate recurring rental income and typically seeks tenants and assets with durable operating characteristics.
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