Gladstone Commercial Corporation (NASDAQ:GOOD) Shareholders to Get $0.10 Monthly Dividend

Gladstone Commercial Corporation (NASDAQ:GOOD – Get Free Report) declared a monthly dividend on Tuesday, October 13th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.10 per share by the real estate investment trust on Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Friday, October 23rd.

Gladstone Commercial has a 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 $1.41 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%.

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Gladstone Commercial Stock Up 0.2%

GOOD opened at $12.84 on Wednesday. The company has a market capitalization of $621.58 million, a PE ratio of 49.39 and a beta of 1.07. The firm has a 50-day simple moving average of $12.83 and a two-hundred day simple moving average of $12.59. 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 52 week low of $10.33 and a 52 week high of $13.28.

Gladstone Commercial (NASDAQ:GOOD – Get Free Report) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $43.99 million for the quarter, compared to analysts’ expectations of $42.18 million. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%. Analysts forecast that Gladstone Commercial will post 1.39 earnings per share for the current fiscal year.

About Gladstone Commercial

(Get Free Report)

Gladstone Commercial Corporation is a real estate investment trust (REIT) that acquires, owns and manages income-producing commercial real estate in the United States. The company primarily invests in office and industrial properties, including single-tenant and select multi-tenant facilities leased to business and government tenants.

Gladstone Commercial generally leases its properties under long-term arrangements and seeks to generate rental income through a diversified portfolio of commercial real estate.

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